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Kosmos Energy Insider Brian F. Maxted Sells 20,637 Shares (KOS)

  • SOURCE: | Editor
  • brian_maxted

    Kosmos Energy (NYSE:KOS) Insider Brian F. Maxted unloaded 20,637 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $11.00, for a total value of $227,007.00. Following the sale, the insider now directly owns 2,256,998 shares of the company’s stock, valued at approximately $24,826,978. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

    Kosmos Energy (NYSE:KOS) traded up 0.40% during mid-day trading on Monday, hitting $11.245. The stock had a trading volume of 42,140 shares. Kosmos Energy has a one year low of $9.71 and a one year high of $11.60. The stock’s 50-day moving average is $10.52 and its 200-day moving average is $10.73. The company’s market cap is $4.249 billion.

    Kosmos Energy (NYSE:KOS) last released its earnings data on Monday, May 5th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.15.

    A number of research firms have recently commented on KOS. Analysts at Global Hunter Securities downgraded shares of Kosmos Energy from an “accumulate” rating to a “neutral” rating in a research note on Tuesday, June 3rd. They now have a $11.00 price target on the stock, down previously from $12.50. Separately, analysts at Guggenheim reiterated a “buy” rating on shares of Kosmos Energy in a research note on Wednesday, May 14th. They now have a $17.00 price target on the stock, down previously from $18.00. Finally, analysts at TheStreet upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Kosmos Energy presently has an average rating of “Hold” and a consensus price target of $12.56.

    Source by: http:watchlistnews.com

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