Kosmos Energy (LON:KOS) Trading 15.7% Higher – What’s Next?

Kosmos Energy Ltd. (LON:KOS)’s share price shot up 15.7% during trading on Thursday . The stock traded as high as GBX 123 and last traded at GBX 118. 58,257 shares traded hands during trading, an increase of 66% from the average session volume of 35,057 shares. The stock had previously closed at GBX 102.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KOS. Jefferies Financial Group cut their price target on Kosmos Energy from GBX 270 to GBX 220 and set a “buy” rating for the company in a research note on Monday, October 20th. Peel Hunt reaffirmed a “hold” rating and set a GBX 210 price objective on shares of Kosmos Energy in a research report on Monday, January 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 215.

Kosmos Energy Stock Performance

The stock has a fifty day moving average price of GBX 82.73 and a 200 day moving average price of GBX 114.17. The company has a current ratio of 0.75, a quick ratio of 0.61 and a debt-to-equity ratio of 224.91. The firm has a market cap of £569.21 million, a price-to-earnings ratio of -1.70, a price-to-earnings-growth ratio of 0.10 and a beta of 2.43.

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.