Kosmos Energy (LON:KOS) Reaches New 52-Week High – Time to Buy?

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

Analyst Ratings Changes

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

Kosmos Energy Trading Up 6.3%

The stock has a market cap of £1.05 billion, a PE ratio of -3.14, a PEG ratio of 0.10 and a beta of 0.78. The company’s fifty day moving average is GBX 134.57 and its 200-day moving average is GBX 115.35. The company has a debt-to-equity ratio of 577.53, a current ratio of 0.75 and a quick ratio of 0.61.

Insiders Place Their Bets

In other Kosmos Energy news, insider Andrew G. Inglis sold 44,628 shares of Kosmos Energy stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of GBX 142, for a total transaction of £63,371.76. Over the last 90 days, insiders sold 564,381 shares of company stock worth $83,912,736. 8.38% of the stock is currently owned by company insiders.

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.