Kosmos Energy (NYSE:KOS) Price Target Cut to $4.00 by Analysts at The Goldman Sachs Group

Kosmos Energy (NYSE:KOS) had its price target dropped by The Goldman Sachs Group from $5.00 to $4.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 80.59% from the stock’s current price.

Several other equities research analysts also recently weighed in on KOS. Jefferies Financial Group reissued a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Finally, Mizuho dropped their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.27.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock opened at $2.22 on Thursday. The stock’s 50-day simple moving average is $2.81 and its 200-day simple moving average is $3.47. Kosmos Energy has a 52 week low of $2.07 and a 52 week high of $6.58. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 5.03, a PEG ratio of 5.24 and a beta of 2.31. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $397.66 million during the quarter, compared to analysts’ expectations of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. As a group, analysts expect that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew G. Inglis sold 102,701 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $320,427.12. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Ronald W. Glass sold 16,182 shares of Kosmos Energy stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,487.84. Following the sale, the chief accounting officer now owns 320,231 shares in the company, valued at $999,120.72. This represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 503,970 shares of company stock worth $1,572,386 in the last quarter. 2.02% of the stock is owned by company insiders.

Institutional Trading of Kosmos Energy

Hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its position in shares of Kosmos Energy by 215.1% during the 4th quarter. Mackenzie Financial Corp now owns 451,780 shares of the oil and gas producer’s stock valued at $1,545,000 after acquiring an additional 308,409 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Kosmos Energy in the 4th quarter valued at about $490,000. GTS Securities LLC lifted its holdings in shares of Kosmos Energy by 548.4% during the 4th quarter. GTS Securities LLC now owns 151,432 shares of the oil and gas producer’s stock valued at $518,000 after acquiring an additional 128,076 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Kosmos Energy by 23.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,097,622 shares of the oil and gas producer’s stock valued at $7,174,000 after buying an additional 395,283 shares in the last quarter. Finally, Wexford Capital LP purchased a new position in shares of Kosmos Energy in the fourth quarter valued at $109,000. 95.33% of the stock is owned by institutional investors and hedge funds.

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.