Insider Selling: Kosmos Energy Ltd. (NYSE:KOS) SVP Sells 84,898 Shares of Stock

Kosmos Energy Ltd. (NYSE:KOS) SVP Christopher James Ball sold 84,898 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total transaction of $264,881.76. Following the completion of the sale, the senior vice president now directly owns 1,639,925 shares in the company, valued at $5,116,566. This represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kosmos Energy Stock Performance

Shares of KOS opened at $3.01 on Friday. The firm has a 50-day moving average price of $3.43 and a 200 day moving average price of $4.05. The firm has a market capitalization of $1.42 billion, a PE ratio of 6.83, a P/E/G ratio of 4.67 and a beta of 2.41. 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 Ltd. has a 52-week low of $2.62 and a 52-week high of $6.58.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of KOS. AQR Capital Management LLC grew its position in Kosmos Energy by 80.2% in the 2nd quarter. AQR Capital Management LLC now owns 305,604 shares of the oil and gas producer’s stock valued at $1,693,000 after buying an additional 136,029 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Kosmos Energy by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 257,887 shares of the oil and gas producer’s stock valued at $1,429,000 after acquiring an additional 8,197 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Kosmos Energy in the 2nd quarter valued at about $395,000. SG Americas Securities LLC lifted its holdings in Kosmos Energy by 32.4% in the 3rd quarter. SG Americas Securities LLC now owns 78,667 shares of the oil and gas producer’s stock valued at $317,000 after acquiring an additional 19,251 shares during the last quarter. Finally, Sanders Morris Harris LLC acquired a new stake in Kosmos Energy in the 3rd quarter valued at about $97,000. Institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KOS. Mizuho dropped their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Benchmark dropped their target price on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group restated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Finally, Sanford C. Bernstein lowered their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.52.

About Kosmos Energy

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.