Kosmos Energy (NYSE:KOS) Shares Down 3%

Shares of Kosmos Energy Ltd. (NYSE:KOS) fell 3% on Friday . The company traded as low as $4.86 and last traded at $4.88. 503,854 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 6,529,316 shares. The stock had previously closed at $5.03.

Analyst Ratings Changes

Several brokerages recently commented on KOS. Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of Kosmos Energy in a report on Tuesday, August 6th. Sanford C. Bernstein reduced their price target on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.56.

Kosmos Energy Stock Down 3.0 %

The firm has a market capitalization of $2.30 billion, a P/E ratio of 10.95, a PEG ratio of 0.43 and a beta of 2.41. The firm’s 50 day moving average is $5.26 and its two-hundred day moving average is $5.64. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.91 and a quick ratio of 0.64.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Kosmos Energy had a return on equity of 39.32% and a net margin of 12.85%. The business had revenue of $450.94 million for the quarter. Research analysts predict that Kosmos Energy Ltd. will post 0.7 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

A number of large investors have recently modified their holdings of the business. Hsbc Holdings PLC grew its holdings in shares of Kosmos Energy by 3.0% during the second quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock worth $399,000 after purchasing an additional 2,055 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in Kosmos Energy by 1.3% during the first quarter. Woodmont Investment Counsel LLC now owns 218,818 shares of the oil and gas producer’s stock worth $1,304,000 after buying an additional 2,888 shares during the last quarter. CWM LLC lifted its holdings in Kosmos Energy by 82.2% in the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 2,969 shares during the period. Comerica Bank boosted its position in Kosmos Energy by 27.1% during the first quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock valued at $118,000 after acquiring an additional 4,213 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Kosmos Energy by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,462,835 shares of the oil and gas producer’s stock worth $8,104,000 after acquiring an additional 4,395 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.