Kosmos Energy (LON:KOS) Shares Up 11% – Still a Buy?

Kosmos Energy Ltd. (LON:KOS)’s share price traded up 11% on Wednesday. The company traded as high as GBX 202 and last traded at GBX 202. 1 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 22,646 shares. The stock had previously closed at GBX 182.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 210 price objective on shares of Kosmos Energy in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kosmos Energy has a consensus rating of “Moderate Buy” and an average price target of GBX 210.

Kosmos Energy Stock Up 1.5%

The firm’s 50 day simple moving average is GBX 199.10 and its 200-day simple moving average is GBX 198.52. The company has a market cap of £1.23 billion, a price-to-earnings ratio of -1.84, a P/E/G ratio of 0.10 and a beta of 0.73. The company has a debt-to-equity ratio of 379.09, a current ratio of 0.59 and a quick ratio of 0.61.

About Kosmos Energy

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.