Kosmos Energy (NYSE:KOS) Shares Up 6.7% – Here’s What Happened

Shares of Kosmos Energy Ltd. (NYSE:KOS) traded up 6.7% on Monday . The stock traded as high as $2.26 and last traded at $2.24. 5,059,841 shares changed hands during trading, a decline of 76% from the average session volume of 20,924,328 shares. The stock had previously closed at $2.10.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho reaffirmed an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research note on Wednesday, May 27th. The Goldman Sachs Group downgraded Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price for the company. in a research note on Thursday, April 9th. Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Johnson Rice upgraded shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Wednesday, March 25th. Finally, Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $2.44.

Kosmos Energy Trading Up 6.7%

The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -1.33, a P/E/G ratio of 0.24 and a beta of 0.71. The firm’s 50-day moving average is $2.67 and its 200 day moving average is $2.23.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.15). The business had revenue of $370.73 million during the quarter, compared to analyst estimates of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. On average, equities analysts predict that Kosmos Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kosmos Energy news, Director Steven Sterin sold 38,636 shares of Kosmos Energy stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $105,476.28. Following the transaction, the director directly owned 331,295 shares of the company’s stock, valued at approximately $904,435.35. The trade was a 10.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roy A. Franklin sold 43,466 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the sale, the director owned 150,722 shares in the company, valued at $411,471.06. This trade represents a 22.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 294,580 shares of company stock valued at $689,275 over the last quarter. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in KOS. Equinox Partners Investment Management LLC raised its holdings in Kosmos Energy by 6.2% during the 1st quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after purchasing an additional 1,208,053 shares during the last quarter. Dalton Investments Inc. acquired a new stake in shares of Kosmos Energy during the fourth quarter worth $454,000. SG Americas Securities LLC raised its stake in Kosmos Energy by 494.9% during the first quarter. SG Americas Securities LLC now owns 722,891 shares of the oil and gas producer’s stock worth $2,010,000 after buying an additional 601,368 shares during the last quarter. Alpine Global Management LLC acquired a new position in Kosmos Energy in the fourth quarter valued at $188,000. Finally, Aristides Capital LLC bought a new stake in Kosmos Energy during the fourth quarter valued at $179,000. 95.33% of the stock is owned by institutional investors and hedge funds.

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.