Brokerages Set Kosmos Energy Ltd. (NYSE:KOS) Price Target at $5.52

Shares of Kosmos Energy Ltd. (NYSE:KOS) have received an average rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.52.

A number of equities research analysts recently commented on the stock. 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 report on Tuesday, November 5th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group restated a “buy” rating and set a $5.60 target price on shares of Kosmos Energy in a research note on Wednesday, December 18th. Mizuho decreased their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Benchmark dropped their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock opened at $3.02 on Wednesday. The company has a market capitalization of $1.42 billion, a PE ratio of 6.85, a P/E/G ratio of 4.69 and a beta of 2.41. The company has a 50-day simple moving average of $3.41 and a two-hundred day simple moving average of $4.01. Kosmos Energy has a one year low of $2.62 and a one year high of $6.58. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Insider Activity

In other news, CEO Andrew G. Inglis sold 102,701 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 $320,427.12. Following the sale, the chief executive officer now owns 4,236,691 shares of the company’s stock, valued at $13,218,475.92. This trade represents a 2.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Ronald W. Glass sold 16,182 shares of Kosmos Energy 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 transaction, the chief accounting officer now directly owns 320,231 shares of the company’s stock, valued at approximately $999,120.72. This trade represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock valued at $1,572,386 in the last quarter. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of Kosmos Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fruth Investment Management boosted its stake in shares of Kosmos Energy by 10.2% during the 3rd quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock worth $108,000 after acquiring an additional 2,500 shares in the last quarter. nVerses Capital LLC boosted its position in Kosmos Energy by 13.6% during the third quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock worth $125,000 after purchasing an additional 3,700 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Kosmos Energy by 10.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock worth $155,000 after purchasing an additional 4,381 shares in the last quarter. Franklin Resources Inc. grew its holdings in Kosmos Energy by 3.9% in the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock valued at $531,000 after purchasing an additional 4,640 shares during the period. Finally, Avidian Wealth Enterprises LLC increased its position in shares of Kosmos Energy by 42.8% in the third quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer’s stock valued at $66,000 after buying an additional 4,921 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.