Kosmos Energy (NYSE:KOS) Sets New 12-Month Low – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $3.36 and last traded at $3.37, with a volume of 6199197 shares changing hands. The stock had previously closed at $3.71.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KOS shares. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Sanford C. Bernstein dropped their target price on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 5th. Benchmark reduced their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Bank of America decreased their price objective on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, Mizuho assumed coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.75.

Kosmos Energy Stock Performance

The firm has a fifty day moving average price of $3.96 and a 200 day moving average price of $4.68. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The stock has a market cap of $1.54 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.44 and a beta of 2.41.

Institutional Investors Weigh In On Kosmos Energy

Large investors have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. increased its position in shares of Kosmos Energy by 7.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock valued at $113,828,000 after acquiring an additional 1,933,216 shares during the period. American Century Companies Inc. increased its holdings in shares of Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after purchasing an additional 3,636,663 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Kosmos Energy by 8.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock worth $85,202,000 after purchasing an additional 1,588,990 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Kosmos Energy by 13.5% in the second quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock worth $75,460,000 after purchasing an additional 1,624,495 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Kosmos Energy by 0.7% during the third quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer’s stock worth $42,650,000 after purchasing an additional 68,339 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.