Kosmos Energy Ltd. (NYSE:KOS – Get Free Report)’s stock price was up 5.2% during mid-day trading on Friday. The company traded as high as $2.87 and last traded at $2.84. 1,843,862 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 18,198,693 shares. The stock had previously closed at $2.70.
Analyst Upgrades and Downgrades
KOS has been the topic of several research analyst reports. Mizuho upgraded Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Wall Street Zen raised Kosmos Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Finally, Stephens cut their price target on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $2.53.
Check Out Our Latest Stock Report on KOS
Kosmos Energy Stock Up 7.4%
The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -2.44, a price-to-earnings-growth ratio of 0.16 and a beta of 0.88. The firm’s fifty day moving average price is $2.76 and its two-hundred day moving average price is $2.68. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.38.
Kosmos Energy (NYSE:KOS – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. The business had revenue of $607.25 million for the quarter, compared to analyst estimates of $483.23 million. Sell-side analysts forecast that Kosmos Energy Ltd. will post 0.57 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Kosmos Energy
A number of institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Kosmos Energy in the 1st quarter worth $31,000. Caerus Investment Advisors LLC acquired a new stake in Kosmos Energy in the 1st quarter valued at $31,000. SBI Securities Co. Ltd. grew its position in Kosmos Energy by 62.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 11,453 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 4,382 shares during the period. Pallas Capital Advisors LLC bought a new stake in Kosmos Energy during the 2nd quarter valued at $25,000. Finally, Proficio Capital Partners LLC bought a new stake in Kosmos Energy during the 2nd quarter valued at $27,000. 95.33% of the stock is owned by institutional investors and hedge funds.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.
Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.
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