Kosmos Energy (NYSE:KOS) Stock Price Up 9% – Still a Buy?

Shares of Kosmos Energy Ltd. (NYSE:KOS) rose 9% during mid-day trading on Tuesday . The company traded as high as $2.27 and last traded at $2.2450. Approximately 11,775,933 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 19,496,645 shares. The stock had previously closed at $2.06.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Mizuho cut their target price on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Bank of America restated an “underperform” rating and issued a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Johnson Rice lowered Kosmos Energy from a “buy” rating to an “accumulate” rating and decreased their target price for the company from $4.50 to $3.50 in a research report on Friday, December 5th. Finally, Stephens initiated coverage on shares of Kosmos Energy in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target on the stock. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.08.

Kosmos Energy Stock Up 5.3%

The firm has a market capitalization of $1.05 billion, a PE ratio of -3.24 and a beta of 0.90. The stock has a 50-day simple moving average of $1.32 and a 200-day simple moving average of $1.45. The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, CFO Nealesh D. Shah sold 24,690 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $1.42, for a total transaction of $35,059.80. Following the sale, the chief financial officer directly owned 1,705,167 shares of the company’s stock, valued at $2,421,337.14. This represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Josh R. Marion sold 19,656 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total transaction of $26,928.72. Following the transaction, the senior vice president owned 197,409 shares of the company’s stock, valued at $270,450.33. This represents a 9.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 272,844 shares of company stock valued at $377,592. 1.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Equinox Partners Investment Management LLC grew its position in shares of Kosmos Energy by 41.6% in the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after purchasing an additional 5,485,000 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Kosmos Energy by 333.0% in the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after purchasing an additional 2,477,102 shares during the period. Raiffeisen Bank International AG grew its holdings in Kosmos Energy by 100.0% during the 2nd quarter. Raiffeisen Bank International AG now owns 1,000,000 shares of the oil and gas producer’s stock valued at $1,860,000 after buying an additional 500,000 shares in the last quarter. Patient Capital Management LLC grew its holdings in Kosmos Energy by 7.4% during the 2nd quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock valued at $33,264,000 after buying an additional 1,334,930 shares in the last quarter. Finally, M&G PLC increased its position in shares of Kosmos Energy by 38.3% during the third quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock valued at $13,244,000 after buying an additional 2,210,302 shares during the period. Institutional investors own 95.33% of the company’s stock.

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.