Kosmos Energy (LON:KOS) Shares Climb 11% – Time to Buy?

Shares of Kosmos Energy Ltd. (LON:KOS) were up 11% during mid-day trading on Wednesday. The company traded as high as GBX 202 and last traded at GBX 202. 1 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 22,646 shares. The stock had previously closed at GBX 182.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 210 price target on shares of Kosmos Energy in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 210.

Kosmos Energy Trading Up 11.0%

The firm’s 50-day simple moving average is GBX 198.53 and its 200 day simple moving average is GBX 198.64. The stock has a market cap of £1.20 billion, a P/E ratio of -1.80, a PEG ratio of 0.10 and a beta of 0.73. The company has a current ratio of 0.59, a quick ratio of 0.61 and a debt-to-equity ratio of 379.09.

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. It undertakes a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos Energy Ltd. was founded in 2003 and is headquartered in Dallas, Texas.