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

Kosmos Energy Ltd. (NYSE:KOS)’s share price traded 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 traded hands during trading, a decline of 81% from the average session volume of 21,818,234 shares. The stock had previously closed at $2.79.

Analysts Set New Price Targets

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

Kosmos Energy Stock Performance

The stock has a fifty day simple moving average of $2.88 and a 200-day simple moving average of $2.04. The stock has a market cap of $1.71 billion, a P/E ratio of -1.72, a PEG ratio of 0.45 and a beta of 0.68. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60.

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

Insiders Place Their Bets

In other Kosmos Energy news, Director Roy A. Franklin sold 43,466 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the transaction, the director owned 150,722 shares in the company, valued at approximately $411,471.06. This represents a 22.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $105,476.28. Following the transaction, the director owned 331,295 shares of the company’s stock, valued at approximately $904,435.35. This trade represents a 10.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 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

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in shares of Kosmos Energy in the 1st quarter valued at about $31,000. Caerus Investment Advisors LLC bought a new position in shares of Kosmos Energy in the 1st quarter valued at about $31,000. Abel Hall LLC bought a new position in shares of Kosmos Energy in the 1st quarter valued at about $36,000. KBC Group NV bought a new position in shares of Kosmos Energy in the 1st quarter valued at about $44,000. Finally, Baer Investment Advisory LLC bought a new position in shares of Kosmos Energy in the 1st quarter valued at about $53,000. Institutional investors own 95.33% of the company’s stock.

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.