Kosmos Energy (NYSE:KOS) Trading 7.6% Higher – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) rose 7.6% during trading on Wednesday . The company traded as high as $1.52 and last traded at $1.4850. Approximately 6,754,488 shares traded hands during trading, a decline of 66% from the average daily volume of 20,010,615 shares. The stock had previously closed at $1.38.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KOS. Johnson Rice lowered Kosmos Energy from a “buy” rating to an “accumulate” rating and decreased their price objective for the company from $4.50 to $3.50 in a research report on Friday, December 5th. Clarkson Capital initiated coverage on Kosmos Energy in a research note on Friday, October 24th. They issued a “buy” rating and a $4.00 price target on the stock. Stephens assumed coverage on Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Finally, Bank of America restated an “underperform” rating and set a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $2.08.

Kosmos Energy Trading Up 8.3%

The business has a 50 day moving average of $1.07 and a two-hundred day moving average of $1.50. The firm has a market capitalization of $715.10 million, a price-to-earnings ratio of -2.20 and a beta of 0.89. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.29 and a current ratio of 0.52.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share 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 the consensus estimate of $360.82 million. Equities analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Institutional Trading of Kosmos Energy

Several institutional investors and hedge funds have recently made changes to their positions in KOS. Blueshift Asset Management LLC purchased a new position in Kosmos Energy during the second quarter worth about $27,000. Old Port Advisors purchased a new position in shares of Kosmos Energy in the 4th quarter worth approximately $27,000. Ellevest Inc. bought a new position in shares of Kosmos Energy in the second quarter valued at approximately $34,000. Public Employees Retirement System of Ohio increased its position in shares of Kosmos Energy by 53.2% during the second quarter. Public Employees Retirement System of Ohio now owns 24,103 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 8,371 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Kosmos Energy during the second quarter worth $41,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.