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

Kosmos Energy (NYSE:KOS) announced its earnings results on Monday. The oil and gas producer reported ($0.01) earnings per share (EPS) 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 Down 4.3 %

Shares of NYSE KOS opened at $3.21 on Monday. 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. Kosmos Energy has a 52 week low of $2.62 and a 52 week high of $6.58. The firm has a 50-day moving average price of $3.35 and a 200 day moving average price of $3.87. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Analyst Ratings Changes

A number of brokerages recently weighed in on KOS. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Sanford C. Bernstein decreased their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Mizuho dropped their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a research report on Wednesday, December 18th. Finally, Benchmark cut their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.52.

Insiders Place Their Bets

In other news, CAO Ronald W. Glass sold 16,182 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,487.84. Following the completion of the transaction, the chief accounting officer now directly owns 320,231 shares of the company’s stock, valued at $999,120.72. This trade represents a 4.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of the company’s stock in a transaction that occurred on 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 approximately $536,817.84. The trade was a 8.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is owned by company insiders.

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.