Shares of Kosmos Energy Ltd. (LON:KOS – Get Free Report) fell 2.1% during mid-day trading on Wednesday . The company traded as low as GBX 462 ($5.84) and last traded at GBX 470 ($5.94). 1,170 shares were traded during mid-day trading, an increase of 37% from the average session volume of 856 shares. The stock had previously closed at GBX 480 ($6.07).
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 610 ($7.71) target price on shares of Kosmos Energy in a research note on Tuesday, February 20th.
Check Out Our Latest Analysis on KOS
Kosmos Energy Stock Down 2.1 %
Insiders Place Their Bets
In other Kosmos Energy news, insider Andrew G. Inglis sold 182,948 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of GBX 549 ($6.94), for a total value of £1,004,384.52 ($1,269,284.11). 2.78% of the stock is currently owned by corporate 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.
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