Kosmos Energy (NYSE:KOS) Announces Quarterly Earnings Results

Kosmos Energy (NYSE:KOS) issued its earnings results on Monday. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02), Zacks reports. The firm had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%.

Kosmos Energy Stock Down 8.2 %

Kosmos Energy stock opened at $2.65 on Wednesday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 6.01, a P/E/G ratio of 5.24 and a beta of 2.41. The firm has a fifty day moving average price of $3.34 and a two-hundred day moving average price of $3.85. Kosmos Energy has a fifty-two week low of $2.62 and a fifty-two week high of $6.58. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47.

Analyst Ratings Changes

A number of equities analysts recently commented on KOS shares. StockNews.com downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday. Sanford C. Bernstein cut their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Benchmark reduced 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 note on Tuesday, November 5th. Jefferies Financial Group reissued a “buy” rating and set a $5.60 target price on shares of Kosmos Energy in a research report on Wednesday, December 18th. Finally, Mizuho reduced their price target 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, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.52.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, CEO Andrew G. Inglis sold 138,689 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $432,709.68. Following the completion of the sale, the chief executive officer now owns 3,959,000 shares in the company, valued at approximately $12,352,080. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Josh R. Marion sold 16,144 shares of the firm’s stock in a transaction on 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 directly owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. This trade represents a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 503,970 shares of company stock worth $1,572,386. Company insiders own 2.02% 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.