Insider Selling: Kosmos Energy Ltd. (NYSE:KOS) Director Sells 27,923 Shares of Stock

Kosmos Energy Ltd. (NYSE:KOS) Director John Douglas Kelso Grant sold 27,923 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the completion of the transaction, the director now owns 29,921 shares in the company, valued at approximately $54,157.01. The trade was a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Kosmos Energy Trading Up 8.2%

Shares of NYSE:KOS opened at $1.91 on Friday. The company has a market cap of $910.61 million, a PE ratio of 4.33, a P/E/G ratio of 5.24 and a beta of 1.44. The company’s 50-day moving average price is $1.73 and its 200 day moving average price is $2.64. Kosmos Energy Ltd. has a fifty-two week low of $1.39 and a fifty-two week high of $5.97. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The firm had revenue of $290.43 million during the quarter, compared to the consensus estimate of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. Sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KOS shares. Mizuho reduced their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Benchmark restated a “hold” rating on shares of Kosmos Energy in a research report on Thursday. The Goldman Sachs Group cut their price objective on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded shares of Kosmos Energy to a “sell” rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.93.

Hedge Funds Weigh In On Kosmos Energy

Several large investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in Kosmos Energy by 14.7% during the 1st quarter. Rhumbline Advisers now owns 666,204 shares of the oil and gas producer’s stock valued at $1,519,000 after buying an additional 85,431 shares during the period. Strs Ohio acquired a new position in Kosmos Energy during the 1st quarter valued at about $120,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kosmos Energy by 21.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock valued at $5,793,000 after buying an additional 443,384 shares during the period. Caxton Associates LLP acquired a new position in Kosmos Energy during the 1st quarter valued at about $1,849,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kosmos Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after buying an additional 12,045 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.