Kosmos Energy (NYSE:KOS) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.90 and traded as high as $3.12. Kosmos Energy shares last traded at $3.05, with a volume of 8,521,460 shares.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KOS. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Johnson Rice upgraded shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Wednesday, March 25th. The Goldman Sachs Group downgraded shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a research report on Thursday, April 9th. Finally, Weiss Ratings lowered shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $2.22.

Kosmos Energy Price Performance

The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56. The company has a market capitalization of $1.81 billion, a P/E ratio of -1.82, a P/E/G ratio of 0.45 and a beta of 0.72. The company has a 50 day moving average price of $2.82 and a 200 day moving average price of $1.90.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. The business had revenue of $370.73 million during the quarter, compared to the consensus estimate of $405.21 million. On average, equities analysts predict that Kosmos Energy Ltd. will post 0.24 EPS for the current fiscal year.

Insider Activity at Kosmos Energy

In related news, CFO Nealesh D. Shah bought 157,894 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $1.90 per share, for a total transaction of $299,998.60. Following the purchase, the chief financial officer owned 1,863,061 shares in the company, valued at $3,539,815.90. This represents a 9.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adebayo O. Ogunlesi purchased 3,157,895 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average price of $1.90 per share, for a total transaction of $6,000,000.50. Following the purchase, the director owned 4,974,184 shares in the company, valued at $9,450,949.60. The trade was a 173.87% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 3,684,210 shares of company stock valued at $6,999,999 over the last three months. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

A number of large investors have recently made changes to their positions in KOS. AQR Capital Management LLC boosted its stake in Kosmos Energy by 56.7% in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kosmos Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock worth $634,000 after buying an additional 12,045 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Kosmos Energy by 21.1% during the first 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 worth $5,793,000 after buying an additional 443,384 shares in the last quarter. Strs Ohio acquired a new stake in shares of Kosmos Energy during the first quarter worth $120,000. Finally, Rhumbline Advisers boosted its position in shares of Kosmos Energy by 7.9% in the second quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock valued at $1,237,000 after acquiring an additional 52,750 shares during the period. Institutional investors own 95.33% of the company’s stock.

About Kosmos Energy

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.