The Goldman Sachs Group Has Lowered Expectations for Kosmos Energy (NYSE:KOS) Stock Price

Kosmos Energy (NYSE:KOS) had its price objective cut by The Goldman Sachs Group from $5.00 to $4.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the oil and gas producer’s stock.

A number of other equities research analysts have also recently commented on the company. StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Jefferies Financial Group restated a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Benchmark cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Mizuho decreased their price objective 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $5.27.

Kosmos Energy Price Performance

KOS opened at $2.22 on Thursday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 5.03, a price-to-earnings-growth ratio of 5.24 and a beta of 2.31. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The company’s 50 day simple moving average is $2.81 and its 200-day simple moving average is $3.47. Kosmos Energy has a one year low of $2.07 and a one year high of $6.58.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The firm had revenue of $397.66 million for the quarter, compared to the consensus estimate of $387.60 million. Sell-side analysts anticipate that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Josh R. Marion sold 16,144 shares of the firm’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 completion of the transaction, the senior vice president now owns 172,057 shares in the company, valued at $536,817.84. This trade represents a 8.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ronald W. Glass sold 16,182 shares of the company’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 $50,487.84. Following the sale, the chief accounting officer now owns 320,231 shares in the company, valued at $999,120.72. The trade was a 4.81 % decrease in their position. 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.

Institutional Investors Weigh In On Kosmos Energy

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of Kosmos Energy by 9.0% during the 3rd quarter. Victory Capital Management Inc. now owns 118,209 shares of the oil and gas producer’s stock worth $476,000 after acquiring an additional 9,753 shares during the period. Intech Investment Management LLC bought a new stake in Kosmos Energy in the 3rd quarter valued at $544,000. Charles Schwab Investment Management Inc. boosted its position in shares of Kosmos Energy by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,121,694 shares of the oil and gas producer’s stock valued at $24,670,000 after acquiring an additional 430,053 shares during the period. Bridgewater Associates LP increased its position in Kosmos Energy by 149.7% during the third quarter. Bridgewater Associates LP now owns 3,280,302 shares of the oil and gas producer’s stock worth $13,220,000 after acquiring an additional 1,966,437 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kosmos Energy by 11.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,702,339 shares of the oil and gas producer’s stock worth $6,860,000 after purchasing an additional 172,966 shares in the last quarter. Institutional investors and hedge funds own 95.33% 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.