Kosmos Energy (NYSE:KOS) Trading Up 10.5% – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS)’s share price was up 10.5% during trading on Monday . The company traded as high as $1.72 and last traded at $1.68. Approximately 2,336,880 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 7,891,506 shares. The stock had previously closed at $1.52.

Analyst Ratings Changes

Several equities research analysts have recently commented on KOS shares. StockNews.com downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Mizuho decreased their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group dropped their target price on Kosmos Energy from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Jefferies Financial Group reissued a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Finally, Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.27.

Kosmos Energy Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The stock has a 50-day moving average price of $2.63 and a 200 day moving average price of $3.38. The stock has a market capitalization of $810.05 million, a price-to-earnings ratio of 3.85, a PEG ratio of 5.24 and a beta of 1.94.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $397.66 million during the quarter, compared to analysts’ expectations of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. As a group, equities research analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Andrew G. Inglis sold 138,689 shares of Kosmos Energy stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $432,709.68. Following the sale, the chief executive officer now directly owns 3,959,000 shares of the company’s stock, valued at $12,352,080. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Josh R. Marion sold 16,144 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. This represents a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 503,970 shares of company stock worth $1,572,386. Corporate insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp raised its holdings in shares of Kosmos Energy by 24.9% during the 4th quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer’s stock worth $67,000 after acquiring an additional 3,932 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Kosmos Energy by 10.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock valued at $155,000 after buying an additional 4,381 shares during the period. Franklin Resources Inc. increased its holdings in shares of Kosmos Energy by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after buying an additional 4,640 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Kosmos Energy by 3.8% during the 4th quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock worth $588,000 after buying an additional 6,300 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in Kosmos Energy by 21.1% in the fourth quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 6,460 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.