Kosmos Energy (KOS) Stock Price Down 7%

Kosmos Energy Ltd (NYSE:KOS) fell 7% on Thursday . The stock traded as low as $6.08 and last traded at $6.10. 172,754 shares were traded during trading, a decline of 95% from the average session volume of 3,782,635 shares. The stock had previously closed at $6.56.

Several brokerages recently weighed in on KOS. Zacks Investment Research raised Kosmos Energy from a “strong sell” rating to a “hold” rating in a report on Friday, April 19th. ValuEngine downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. TheStreet raised Kosmos Energy from a “d” rating to a “c-” rating in a report on Tuesday, February 26th. Societe Generale set a $8.00 price target on Kosmos Energy and gave the stock a “buy” rating in a report on Tuesday, February 26th. Finally, Berenberg Bank set a $12.00 price target on Kosmos Energy and gave the stock a “buy” rating in a report on Tuesday, February 26th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $8.88.

The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -13.11 and a beta of 2.20.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, May 6th. The oil and gas producer reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Kosmos Energy had a negative return on equity of 21.59% and a negative net margin of 9.02%. The company had revenue of $296.80 million during the quarter, compared to the consensus estimate of $283.07 million. During the same quarter last year, the company earned ($0.06) earnings per share. Kosmos Energy’s quarterly revenue was up 133.3% compared to the same quarter last year. As a group, research analysts predict that Kosmos Energy Ltd will post 0.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 6th will be issued a $0.0452 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, June 5th. Kosmos Energy’s dividend payout ratio (DPR) is currently -38.30%.

In other Kosmos Energy news, major shareholder Iv Gp L.L.C. Bcp sold 22,500,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $6.51, for a total value of $146,475,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pincus & Co. Warburg sold 81,504,790 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $6.51, for a total value of $530,596,182.90. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc acquired a new stake in Kosmos Energy in the first quarter valued at $47,000. Metropolitan Life Insurance Co NY acquired a new stake in Kosmos Energy in the first quarter valued at $54,000. Intrust Bank NA acquired a new stake in Kosmos Energy in the fourth quarter valued at $41,000. Raymond James Trust N.A. acquired a new stake in Kosmos Energy in the fourth quarter valued at $41,000. Finally, AlphaCrest Capital Management LLC acquired a new stake in Kosmos Energy in the fourth quarter valued at $55,000.

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Kosmos Energy Company Profile (NYSE:KOS)

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

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