Kosmos Energy (NYSE:KOS) Shares Up 9.1% – Here’s Why

Kosmos Energy Ltd. (NYSE:KOSGet Free Report)’s share price traded up 9.1% on Wednesday . The company traded as high as $2.65 and last traded at $2.64. Approximately 3,038,347 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 20,892,824 shares. The stock had previously closed at $2.42.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Stephens decreased their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a report on Tuesday. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Finally, Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $2.53.

Get Our Latest Stock Analysis on Kosmos Energy

Kosmos Energy Stock Up 7.4%

The firm has a 50-day simple moving average of $2.58 and a 200 day simple moving average of $2.30. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36. The company has a market capitalization of $1.54 billion, a PE ratio of -1.55, a price-to-earnings-growth ratio of 0.27 and a beta of 0.71.

Kosmos Energy (NYSE:KOSGet Free Report) last issued its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%.The company had revenue of $370.73 million during the quarter, compared to analysts’ expectations of $405.21 million. On average, research analysts predict that Kosmos Energy Ltd. will post 0.29 EPS for the current fiscal year.

Insider Activity

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 43,466 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the transaction, the director owned 82,311 shares in the company, valued at $224,709.03. This represents a 34.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven Sterin sold 38,636 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $105,476.28. Following the completion of the transaction, the director owned 331,295 shares of the company’s stock, valued at approximately $904,435.35. This represents a 10.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 294,580 shares of company stock worth $689,275 in the last ninety days. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Kosmos Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in Kosmos Energy by 56.7% during the 1st quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock valued at $884,000 after purchasing an additional 140,261 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kosmos Energy by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 12,045 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Kosmos Energy by 21.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock valued at $5,793,000 after purchasing an additional 443,384 shares in the last quarter. Strs Ohio acquired a new position in shares of Kosmos Energy in the 1st quarter valued at approximately $120,000. Finally, Rhumbline Advisers boosted its stake in shares of Kosmos Energy by 7.9% during the 2nd quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock valued at $1,237,000 after buying an additional 52,750 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Company Profile

(Get Free Report)

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.

Further Reading

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