Kosmos Energy (LON:KOS) Shares Down 3.7% – Here’s What Happened

Kosmos Energy Ltd. (LON:KOS) traded down 3.7% during trading on Tuesday . The company traded as low as GBX 200 and last traded at GBX 206. Approximately 82 shares were traded during trading, a decline of 100% from the average daily volume of 25,293 shares. The stock had previously closed at GBX 214.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 210 price objective on shares of Kosmos Energy in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 210.

Kosmos Energy Stock Down 3.7%

The firm has a market capitalization of £1.23 billion, a price-to-earnings ratio of -1.22, a price-to-earnings-growth ratio of 0.10 and a beta of 0.73. The company has a debt-to-equity ratio of 379.09, a quick ratio of 0.61 and a current ratio of 0.59. The business’s 50 day moving average is GBX 178.69 and its 200-day moving average is GBX 187.55.

Insider Transactions at Kosmos Energy

In other news, insider John Grant sold 735 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of GBX 285, for a total value of £2,094.75. Also, insider Roy Franklin sold 976 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of GBX 285, for a total value of £2,781.60. 6.88% of the stock is owned by corporate insiders.

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. It undertakes a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos Energy Ltd. was founded in 2003 and is headquartered in Dallas, Texas.