Kosmos Energy (NYSE:KOS) Shares Gap Down – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.17, but opened at $3.99. Kosmos Energy shares last traded at $4.00, with a volume of 1,546,048 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KOS shares. Mizuho began coverage on Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 target price on the stock. Sanford C. Bernstein lowered their target price on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Bank of America reduced their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Finally, Benchmark reiterated a “buy” rating and set a $8.00 price objective on shares of Kosmos Energy in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.00.

Kosmos Energy Price Performance

The stock’s 50-day simple moving average is $4.34 and its two-hundred day simple moving average is $5.17. The firm has a market cap of $1.87 billion, a P/E ratio of 8.70, a PEG ratio of 0.51 and a beta of 2.41. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The firm had revenue of $450.94 million for the quarter. Equities research analysts forecast that Kosmos Energy Ltd. will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Kosmos Energy by 23.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 25,145,473 shares of the oil and gas producer’s stock valued at $149,867,000 after acquiring an additional 4,830,005 shares in the last quarter. American Century Companies Inc. raised its stake in Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock worth $137,470,000 after buying an additional 3,636,663 shares in the last quarter. M&G Plc bought a new stake in Kosmos Energy during the 1st quarter valued at $20,800,000. Webs Creek Capital Management LP bought a new position in shares of Kosmos Energy in the 1st quarter worth $17,396,000. Finally, Equinox Partners Investment Management LLC increased its stake in shares of Kosmos Energy by 29.4% in the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock worth $33,060,000 after acquiring an additional 1,863,966 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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.