Kosmos Energy (NYSE:KOS) Shares Up 7.2% – Should You Buy?

Kosmos Energy Ltd. (NYSE:KOSGet Free Report) shares shot up 7.2% during mid-day trading on Tuesday . The company traded as high as $2.24 and last traded at $2.24. 10,058,165 shares changed hands during trading, a decline of 52% from the average session volume of 21,072,750 shares. The stock had previously closed at $2.09.

Kosmos Energy News Roundup

Here are the key news stories impacting Kosmos Energy this week:

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Royal Bank Of Canada downgraded Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. 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 note on Wednesday, March 25th. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group downgraded shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price on the stock. in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $2.44.

View Our Latest Stock Analysis on KOS

Kosmos Energy Stock Up 7.2%

The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60. The company has a fifty day simple moving average of $2.73 and a two-hundred day simple moving average of $2.19. The firm has a market capitalization of $1.33 billion, a PE ratio of -1.33, a PEG ratio of 0.24 and a beta of 0.71.

Kosmos Energy (NYSE:KOSGet Free Report) last released its quarterly earnings data 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 net margin of 59.38% and a negative return on equity of 37.60%. The firm had revenue of $370.73 million during the quarter, compared to the consensus estimate of $405.21 million. Analysts forecast that Kosmos Energy Ltd. will post 0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Josh R. Marion sold 24,969 shares of Kosmos Energy stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $51,186.45. Following the transaction, the senior vice president directly owned 233,404 shares of the company’s stock, valued at $478,478.20. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Roy A. Franklin sold 43,466 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the transaction, the director directly owned 150,722 shares of the company’s stock, valued at $411,471.06. This trade represents a 22.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 294,580 shares of company stock worth $689,275. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Militia Capital Management LLC bought a new position in shares of Kosmos Energy in the 1st quarter worth $70,000. Parallel Advisors LLC grew its stake in Kosmos Energy by 106.5% in the first quarter. Parallel Advisors LLC now owns 25,268 shares of the oil and gas producer’s stock valued at $70,000 after purchasing an additional 13,031 shares during the last quarter. Caerus Investment Advisors LLC bought a new position in Kosmos Energy in the first quarter worth about $31,000. Bank of America Corp DE raised its holdings in Kosmos Energy by 14.2% in the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock worth $15,404,000 after purchasing an additional 689,800 shares in the last quarter. Finally, Amundi lifted its position in shares of Kosmos Energy by 97.4% during the first quarter. Amundi now owns 154,931 shares of the oil and gas producer’s stock valued at $431,000 after buying an additional 76,442 shares during the last quarter. 95.33% of the stock is currently 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.

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