Kosmos Energy (NYSE:KOS) Shares Break Above Fifty Day Moving Average – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS)’s stock price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $2.76 and traded as high as $2.90. Kosmos Energy shares last traded at $2.90, with a volume of 26,184,133 shares trading hands.

Analyst Ratings Changes

A number of research analysts have issued reports on KOS shares. Stephens reduced their price target on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Jefferies Financial Group downgraded Kosmos Energy from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $2.75 to $2.90 in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, August 3rd. Wall Street Zen lowered shares of Kosmos Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Mizuho upgraded Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Kosmos Energy has a consensus rating of “Reduce” and a consensus price target of $2.37.

Kosmos Energy Trading Up 8.2%

The firm has a market capitalization of $1.73 billion, a P/E ratio of -2.44, a PEG ratio of 0.16 and a beta of 0.88. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The business has a 50-day moving average price of $2.76 and a 200-day moving average price of $2.50.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. The company had revenue of $607.25 million for the quarter, compared to analyst estimates of $483.23 million. Analysts anticipate that Kosmos Energy Ltd. will post 0.57 earnings per share for the current year.

Institutional Trading of Kosmos Energy

Hedge funds have recently modified their holdings of the stock. WESPAC Advisors LLC acquired a new stake in Kosmos Energy in the third quarter worth about $907,000. Verdence Capital Advisors LLC grew its holdings in shares of Kosmos Energy by 15.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 397,775 shares of the oil and gas producer’s stock valued at $1,010,000 after buying an additional 53,496 shares during the period. Inspire Investing LLC increased its holdings in shares of Kosmos Energy by 52.2% in the third quarter. Inspire Investing LLC now owns 496,529 shares of the oil and gas producer’s stock worth $1,261,000 after acquiring an additional 170,398 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in Kosmos Energy by 62.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 11,453 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 4,382 shares in the last quarter. Finally, Abel Hall LLC bought a new stake in shares of Kosmos Energy during the third quarter worth $35,000. 95.33% of the stock is owned by institutional investors.

About Kosmos Energy

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.