Kosmos Energy (NYSE:KOS) Stock Price Up 4.8% – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS) shares rose 4.8% during mid-day trading on Friday . The stock traded as high as $3.07 and last traded at $3.07. Approximately 1,083,771 shares traded hands during trading, a decline of 95% from the average daily volume of 23,696,811 shares. The stock had previously closed at $2.93.

Wall Street Analysts Forecast Growth

KOS has been the topic of several recent research reports. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a research note on Wednesday, March 25th. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a report on Thursday, April 9th. Finally, Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $2.22.

Kosmos Energy Trading Up 6.5%

The company’s 50 day simple moving average is $2.73 and its two-hundred day simple moving average is $1.83. The company has a market cap of $1.85 billion, a PE ratio of -1.86, a price-to-earnings-growth ratio of 0.45 and a beta of 0.72. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The company had revenue of $370.73 million for the quarter, compared to analysts’ expectations of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. As a group, sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.24 EPS for the current fiscal year.

Insider Activity at Kosmos Energy

In related news, CEO Andrew G. Inglis acquired 315,790 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $1.90 per share, with a total value of $600,001.00. Following the transaction, the chief executive officer owned 4,542,807 shares of the company’s stock, valued at approximately $8,631,333.30. This trade represents a 7.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director J Michael Stice acquired 52,631 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average cost of $1.90 per share, with a total value of $99,998.90. Following the transaction, the director directly owned 207,620 shares in the company, valued at $394,478. This trade represents a 33.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 3,684,210 shares of company stock worth $6,999,999. Company insiders own 1.99% of the company’s stock.

Institutional Trading of Kosmos Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors lifted its holdings in Kosmos Energy by 93.9% during the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 13,854 shares in the last quarter. Old Port Advisors acquired a new stake in Kosmos Energy during the 4th quarter worth approximately $27,000. Cibc World Markets Corp acquired a new stake in Kosmos Energy during the 4th quarter worth approximately $28,000. Kestra Advisory Services LLC acquired a new stake in Kosmos Energy during the 1st quarter worth approximately $31,000. Finally, Abel Hall LLC acquired a new stake in Kosmos Energy during the 1st quarter worth approximately $36,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.