Kosmos Energy (NYSE:KOS) Issues Quarterly Earnings Results

Kosmos Energy (NYSE:KOS) announced its quarterly earnings results on Monday. 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), Zacks reports. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%.

Kosmos Energy Trading Down 9.3 %

KOS opened at $2.89 on Tuesday. Kosmos Energy has a 1-year low of $2.62 and a 1-year high of $6.58. 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 company has a market cap of $1.36 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 5.24 and a beta of 2.41. The company has a fifty day moving average price of $3.35 and a two-hundred day moving average price of $3.86.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, CAO Ronald W. Glass sold 16,182 shares of Kosmos Energy stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the sale, the chief accounting officer now directly owns 320,231 shares of the company’s stock, valued at approximately $999,120.72. The trade was a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew G. Inglis sold 102,701 shares of Kosmos Energy stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $320,427.12. Following the transaction, the chief executive officer now owns 4,236,691 shares of the company’s stock, valued at $13,218,475.92. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 503,970 shares of company stock valued at $1,572,386. Corporate insiders own 2.02% 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.