Kosmos Energy (NYSE:KOS) Trading 7.6% Higher – Should You Buy?

Kosmos Energy Ltd. (NYSE:KOS)’s share price traded up 7.6% during mid-day trading on Wednesday . The stock traded as high as $1.52 and last traded at $1.4850. 6,754,488 shares were traded during trading, a decline of 66% from the average session volume of 20,010,615 shares. The stock had previously closed at $1.38.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KOS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Mizuho dropped their target price on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Sanford C. Bernstein lowered their price target on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a report on Monday, January 5th. Stephens began coverage on Kosmos Energy in a report on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price objective for the company. Finally, Bank of America reissued an “underperform” rating and issued a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Kosmos Energy has an average rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Price Performance

The business’s 50-day moving average price is $1.07 and its 200 day moving average price is $1.50. The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04. The company has a market capitalization of $715.10 million, a P/E ratio of -2.20 and a beta of 0.89.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%.The business had revenue of $310.96 million during the quarter, compared to analysts’ expectations of $360.82 million. Analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds have recently bought and sold shares of the stock. Equinox Partners Investment Management LLC boosted its stake in shares of Kosmos Energy by 41.6% during the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after purchasing an additional 5,485,000 shares during the period. American Century Companies Inc. raised its holdings in Kosmos Energy by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock valued at $57,467,000 after buying an additional 4,175,537 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Kosmos Energy by 333.0% during the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after buying an additional 2,477,102 shares during the last quarter. M&G PLC boosted its position in Kosmos Energy by 38.3% during the 3rd quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock valued at $13,244,000 after buying an additional 2,210,302 shares during the period. Finally, Patient Capital Management LLC increased its position in shares of Kosmos Energy by 7.4% in the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock valued at $33,264,000 after acquiring an additional 1,334,930 shares during the period. 95.33% of the stock is currently owned by institutional investors.

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.