Kosmos Energy (NYSE:KOS) Trading 7.6% Higher – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS) rose 7.6% during mid-day trading on Wednesday . The company traded as high as $1.4750 and last traded at $1.4850. Approximately 8,858,755 shares traded hands during trading, a decline of 55% from the average daily volume of 19,772,246 shares. The stock had previously closed at $1.38.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KOS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Johnson Rice cut shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and cut their price objective for the stock from $4.50 to $3.50 in a report on Friday, December 5th. Clarkson Capital began coverage on shares of Kosmos Energy in a research report on Friday, October 24th. They set a “buy” rating and a $4.00 price objective for the company. Bank of America restated an “underperform” rating and issued a $1.00 target price (down previously from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. Finally, Sanford C. Bernstein cut 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 research note on Monday, January 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 a consensus rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Trading Up 11.6%

The business’s 50-day moving average price is $1.10 and its 200-day moving average price is $1.48. The firm has a market capitalization of $736.43 million, a PE ratio of -2.26 and a beta of 0.90. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29.

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

Institutional Investors Weigh In On Kosmos Energy

Hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Kosmos Energy by 27.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 153,669 shares of the oil and gas producer’s stock valued at $139,000 after acquiring an additional 33,520 shares during the period. GF Fund Management CO. LTD. increased its holdings in shares of Kosmos Energy by 10.9% in the fourth quarter. GF Fund Management CO. LTD. now owns 143,809 shares of the oil and gas producer’s stock valued at $130,000 after purchasing an additional 14,151 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Kosmos Energy by 9.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 245,034 shares of the oil and gas producer’s stock valued at $222,000 after purchasing an additional 21,895 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Kosmos Energy by 119.7% during the fourth quarter. SG Americas Securities LLC now owns 121,523 shares of the oil and gas producer’s stock worth $110,000 after purchasing an additional 66,218 shares during the period. Finally, Old Port Advisors acquired a new stake in shares of Kosmos Energy during the fourth quarter worth $27,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.