Kosmos Energy (NYSE:KOS) Trading Down 14.1%

Kosmos Energy Ltd (NYSE:KOS) fell 14.1% on Monday . The company traded as low as $4.43 and last traded at $5.19, 24,952,973 shares traded hands during mid-day trading. An increase of 439% from the average session volume of 4,629,267 shares. The stock had previously closed at $6.04.

Several equities research analysts recently weighed in on KOS shares. Berenberg Bank restated a “buy” rating and set a $11.00 target price on shares of Kosmos Energy in a report on Monday, November 11th. Barclays set a $8.00 price target on Kosmos Energy and gave the stock a “buy” rating in a research note on Thursday, October 10th. ValuEngine cut Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. Finally, Zacks Investment Research upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Kosmos Energy has a consensus rating of “Hold” and a consensus price target of $8.19.

The firm has a market cap of $2.43 billion, a P/E ratio of -11.04 and a beta of 2.00. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 2.36. The business’s fifty day simple moving average is $6.45 and its 200-day simple moving average is $6.14.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $349.03 million. Kosmos Energy had a net margin of 12.18% and a negative return on equity of 2.68%. The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.23) earnings per share. Analysts anticipate that Kosmos Energy Ltd will post 0.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a $0.045 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.18 annualized dividend and a dividend yield of 3.47%. Kosmos Energy’s payout ratio is presently -38.30%.

A number of large investors have recently made changes to their positions in KOS. Vaughan Nelson Investment Management L.P. lifted its holdings in Kosmos Energy by 10.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 27,668,673 shares of the oil and gas producer’s stock worth $172,653,000 after buying an additional 2,510,723 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Kosmos Energy by 74.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,018,322 shares of the oil and gas producer’s stock worth $144,324,000 after acquiring an additional 9,788,958 shares during the period. BlackRock Inc. boosted its holdings in Kosmos Energy by 11.7% in the second quarter. BlackRock Inc. now owns 19,992,155 shares of the oil and gas producer’s stock valued at $125,352,000 after acquiring an additional 2,101,446 shares in the last quarter. Prudential PLC boosted its holdings in Kosmos Energy by 0.5% in the second quarter. Prudential PLC now owns 12,504,897 shares of the oil and gas producer’s stock valued at $75,029,000 after acquiring an additional 61,724 shares in the last quarter. Finally, Boston Partners boosted its holdings in Kosmos Energy by 25.7% in the third quarter. Boston Partners now owns 8,553,484 shares of the oil and gas producer’s stock valued at $53,412,000 after acquiring an additional 1,751,459 shares in the last quarter. Institutional investors own 92.79% of the company’s stock.

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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