Kosmos Energy (NYSE:KOS) Hits New 52-Week Low – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS) reached a new 52-week low on Tuesday . The stock traded as low as $2.45 and last traded at $2.49, with a volume of 14958328 shares trading hands. The stock had previously closed at $2.81.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KOS shares. StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Mizuho lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a research note on Wednesday, December 18th. Finally, Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.52.

Kosmos Energy Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 5.24 and a beta of 2.41. The stock has a 50-day simple moving average of $3.29 and a 200 day simple moving average of $3.76.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The business had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. On average, equities research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew G. Inglis sold 138,689 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total transaction of $432,709.68. Following the sale, the chief executive officer now directly owns 3,959,000 shares of the company’s stock, valued at $12,352,080. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Ronald W. Glass sold 16,182 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,487.84. Following the completion of the transaction, the chief accounting officer now directly owns 320,231 shares in the company, valued at $999,120.72. This trade represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 503,970 shares of company stock worth $1,572,386. Company insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Large investors have recently modified their holdings of the business. Encompass Capital Advisors LLC bought a new stake in shares of Kosmos Energy during the 4th quarter worth approximately $35,723,000. Patient Capital Management LLC raised its holdings in shares of Kosmos Energy by 81.6% in the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock valued at $58,645,000 after purchasing an additional 7,707,707 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Kosmos Energy by 22.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after purchasing an additional 5,906,210 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Kosmos Energy by 28.1% in the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock valued at $64,104,000 after purchasing an additional 4,114,499 shares during the period. Finally, Equinox Partners Investment Management LLC raised its holdings in shares of Kosmos Energy by 39.2% in the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after purchasing an additional 3,218,394 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.