Kosmos Energy (KOS) Projected to Post Quarterly Earnings on Monday

Kosmos Energy (NYSE:KOS) will likely be announcing its earnings results before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $387.60 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Kosmos Energy Stock Performance

Shares of KOS opened at $3.21 on Friday. 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 capitalization of $1.51 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 5.41 and a beta of 2.41. The stock has a 50 day moving average of $3.35 and a 200 day moving average of $3.88. Kosmos Energy has a 12 month low of $2.62 and a 12 month high of $6.58.

Insider Activity

In related news, CAO Ronald W. Glass sold 10,354 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $32,304.48. Following the completion of the transaction, the chief accounting officer now directly owns 299,498 shares in the company, valued at $934,433.76. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,369.28. Following the transaction, the senior vice president now owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. The trade was a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on KOS. Sanford C. Bernstein decreased their target price on 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. Jefferies Financial Group reissued a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a research report on Wednesday, December 18th. Benchmark decreased their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Mizuho decreased their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Kosmos Energy presently has an average rating of “Moderate Buy” and an average price target of $5.52.

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.