Kosmos Energy (NYSE:KOS) Stock Price Up 9.1% – Should You Buy?

Kosmos Energy Ltd. (NYSE:KOS)’s stock price was up 9.1% on Wednesday . The stock traded as high as $2.65 and last traded at $2.64. Approximately 3,038,347 shares traded 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.

Analysts Set New Price Targets

KOS has been the topic of several research analyst reports. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. The Goldman Sachs Group downgraded shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research note on Thursday, April 9th. Mizuho reiterated an “underperform” rating and set a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Finally, 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. Two investment 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 data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.53.

Kosmos Energy Trading Up 3.4%

The business has a fifty day moving average of $2.57 and a 200-day moving average of $2.32. 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 market capitalization of $1.63 billion, a P/E ratio of -1.63, a PEG ratio of 0.31 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS 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 for the quarter, compared to the consensus estimate of $405.21 million. Analysts anticipate that Kosmos Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In other news, Director John Douglas Kelso Grant sold 43,466 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the sale, the director directly owned 82,311 shares of the company’s stock, valued at $224,709.03. The trade was a 34.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 company’s stock in a transaction dated 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 sale, the director owned 150,722 shares in the company, valued at $411,471.06. This represents a 22.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 294,580 shares of company stock valued at $689,275. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors boosted its position in shares of Kosmos Energy by 93.9% during the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 13,854 shares during the last quarter. Cibc World Markets Corp bought a new stake in Kosmos Energy during the fourth quarter worth $28,000. Kestra Advisory Services LLC purchased a new stake in Kosmos Energy in the 1st quarter valued at $31,000. Caerus Investment Advisors LLC purchased a new stake in Kosmos Energy in the 1st quarter valued at $31,000. Finally, Abel Hall LLC bought a new position in Kosmos Energy during the 1st quarter valued at $36,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Company Profile

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.