Key Points
- Director Steven Sterin sold 38,636 shares of Kosmos Energy at an average price of $2.73, reducing his direct stake by 10.44% to 331,295 shares.
- Kosmos Energy shares were up 2.2% to $2.80, with the stock trading near its 50-day moving average but well above its 200-day average.
- Recent earnings missed expectations: the company reported a loss of $0.07 per share versus the expected profit of $0.08, and revenue also came in below analyst estimates.
Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) Director Steven Sterin sold 38,636 shares of Kosmos Energy stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $105,476.28. Following the transaction, the director directly owned 331,295 shares of the company's stock, valued at $904,435.35. This trade represents a 10.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kosmos Energy Trading Up 2.2%
NYSE:KOS opened at $2.80 on Friday. The company has a market capitalization of $1.66 billion, a PE ratio of -1.67, a price-to-earnings-growth ratio of 0.41 and a beta of 0.72. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. Kosmos Energy Ltd. has a 52-week low of $0.84 and a 52-week high of $3.34. The stock has a fifty day simple moving average of $2.86 and a 200-day simple moving average of $1.94.
Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.15). The firm had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. On average, equities research analysts expect that Kosmos Energy Ltd. will post 0.24 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Weiss Ratings downgraded Kosmos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Wednesday, May 6th. Johnson Rice upgraded Kosmos Energy from an "accumulate" rating to a "buy" rating and set a $4.25 price objective for the company in a research report on Wednesday, March 25th. The Goldman Sachs Group downgraded Kosmos Energy from a "neutral" rating to a "sell" rating and set a $2.25 price objective for the company. in a research report on Thursday, April 9th. Mizuho restated an "underperform" rating and set a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday. Finally, Royal Bank Of Canada downgraded shares of Kosmos Energy to a "neutral" rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $2.44.
Get Our Latest Stock Report on Kosmos Energy
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in Kosmos Energy in the 1st quarter valued at about $31,000. Abel Hall LLC acquired a new position in Kosmos Energy in the 1st quarter valued at $36,000. KBC Group NV acquired a new position in Kosmos Energy in the 1st quarter valued at $44,000. Baer Investment Advisory LLC acquired a new position in Kosmos Energy in the 1st quarter valued at $53,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Kosmos Energy in the 1st quarter valued at $60,000. Institutional investors and hedge funds own 95.33% of the company's stock.
Kosmos Energy Company Profile
(
Get Free Report)
Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.
The company's portfolio is anchored by assets in West Africa and the Gulf of Mexico.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
