Kosmos Energy (LON:KOS) Reaches New 12-Month High – Here’s Why

Kosmos Energy Ltd. (LON:KOS) reached a new 52-week high on Thursday . The stock traded as high as GBX 208 and last traded at GBX 208, with a volume of 14605 shares traded. The stock had previously closed at GBX 195.50.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated a “hold” rating and issued a GBX 210 price objective on shares of Kosmos Energy in a research report on Monday, January 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 215.

Kosmos Energy Trading Up 6.4%

The company has a debt-to-equity ratio of 577.53, a quick ratio of 0.61 and a current ratio of 0.75. The stock’s 50-day simple moving average is GBX 128.91 and its 200-day simple moving average is GBX 114.13. The firm has a market capitalization of £994.92 million, a PE ratio of -2.97, a P/E/G ratio of 0.10 and a beta of 0.78.

Insider Activity at Kosmos Energy

In other news, insider Andrew G. Inglis sold 44,628 shares of Kosmos Energy stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of GBX 142, for a total transaction of £63,371.76. Over the last three months, insiders have sold 564,381 shares of company stock valued at $83,912,736. Company insiders own 8.38% 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. 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.