Kosmos Energy (NYSE:KOS) Trading 7.5% Higher – Time to Buy?

Kosmos Energy Ltd. (NYSE:KOS) shares shot up 7.5% during trading on Wednesday . The stock traded as high as $3.01 and last traded at $3.00. 4,138,157 shares were traded during mid-day trading, a decline of 81% from the average session volume of 21,818,234 shares. The stock had previously closed at $2.79.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KOS shares. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research note on Thursday, April 9th. Mizuho restated an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. Royal Bank Of Canada cut Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Kosmos Energy has an average rating of “Reduce” and an average price target of $2.44.

Kosmos Energy Trading Up 9.3%

The business’s 50 day simple moving average is $2.87 and its two-hundred day simple moving average is $2.02. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. The stock has a market cap of $1.81 billion, a P/E ratio of -1.82, a PEG ratio of 0.44 and a beta of 0.68.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. The firm had revenue of $370.73 million for the quarter, compared to the consensus estimate of $405.21 million. As a group, analysts expect that Kosmos Energy Ltd. will post 0.24 EPS for the current year.

Insider Buying and Selling

In related news, Director John Douglas Kelso Grant sold 43,466 shares of Kosmos Energy stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the transaction, the director owned 82,311 shares in the company, valued at $224,709.03. This trade represents a 34.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven Sterin sold 38,636 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total transaction of $105,476.28. Following the sale, the director owned 331,295 shares of the company’s stock, valued at approximately $904,435.35. The trade was a 10.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 125,568 shares of company stock worth $342,801. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors have recently bought and sold shares of KOS. AQR Capital Management LLC raised its stake in Kosmos Energy by 56.7% in the first quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock worth $884,000 after buying an additional 140,261 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kosmos Energy by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 12,045 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kosmos Energy by 21.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock valued at $5,793,000 after purchasing an additional 443,384 shares in the last quarter. Strs Ohio bought a new position in shares of Kosmos Energy during the first quarter valued at approximately $120,000. Finally, Rhumbline Advisers boosted its stake in shares of Kosmos Energy by 7.9% during the second quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock valued at $1,237,000 after purchasing an additional 52,750 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

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.