Kosmos Energy (NYSE:KOS) Releases Earnings Results, Misses Estimates By $0.02 EPS

Kosmos Energy (NYSE:KOS) released its quarterly earnings results on Monday. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), Zacks reports. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock opened at $3.21 on Monday. The business has a 50-day moving average of $3.35 and a 200 day moving average of $3.87. Kosmos Energy has a 12 month low of $2.62 and a 12 month high of $6.58. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 5.24 and a beta of 2.41. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, CFO Nealesh D. Shah sold 56,987 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $177,799.44. Following the sale, the chief financial officer now owns 1,711,580 shares of the company’s stock, valued at $5,340,129.60. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Josh R. Marion sold 16,144 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,369.28. Following the completion of the sale, the senior vice president now directly owns 172,057 shares in the company, valued at $536,817.84. This represents a 8.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock worth $1,572,386 in the last three months. 2.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KOS has been the subject of a number of research analyst reports. Sanford C. Bernstein lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Mizuho lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Jefferies Financial Group reiterated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Finally, Benchmark lowered their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Kosmos Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.52.

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.