Kosmos Energy (NYSE:KOS) Stock Price Up 4.8% – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) shares were up 4.8% during mid-day trading on Tuesday . The company traded as high as $2.31 and last traded at $2.31. Approximately 3,035,306 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 10,524,926 shares. The stock had previously closed at $2.20.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KOS. Wall Street Zen upgraded shares of Kosmos Energy to a “sell” rating in a research report on Friday, May 16th. The Goldman Sachs Group decreased their target price on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Benchmark reissued a “hold” rating on shares of Kosmos Energy in a report on Thursday, June 5th. Finally, Mizuho cut their price target on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Kosmos Energy has a consensus rating of “Hold” and a consensus target price of $4.93.

Kosmos Energy Stock Performance

The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The stock has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $2.55. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 5.24 and a beta of 1.44.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The business had revenue of $290.43 million for the quarter, compared to analysts’ expectations of $338.23 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. As a group, analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the completion of the sale, the director now owns 29,921 shares of the company’s stock, valued at approximately $54,157.01. The trade was a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.99% of the stock is owned by insiders.

Hedge Funds Weigh In On Kosmos Energy

Several hedge funds and other institutional investors have recently modified their holdings of KOS. Encompass Capital Advisors LLC purchased a new stake in shares of Kosmos Energy in the fourth quarter worth about $35,723,000. Patient Capital Management LLC grew its holdings in Kosmos Energy by 81.6% during the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock worth $58,645,000 after acquiring an additional 7,707,707 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Kosmos Energy by 22.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after buying an additional 5,906,210 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Kosmos Energy by 28.1% during the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock valued at $64,104,000 after acquiring an additional 4,114,499 shares in the last quarter. Finally, Equinox Partners Investment Management LLC raised its holdings in shares of Kosmos Energy by 39.2% during the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock worth $39,063,000 after purchasing an additional 3,218,394 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Kosmos Energy Company Profile

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.