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

Kosmos Energy Ltd. (LON:KOS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 248 and last traded at GBX 248, with a volume of 24644 shares. The stock had previously closed at GBX 216.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 210 price target on shares of Kosmos Energy in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 210.

Kosmos Energy Stock Up 14.6%

The company has a market cap of £1.47 billion, a PE ratio of -1.68, a P/E/G ratio of 0.10 and a beta of 0.66. The firm has a 50-day simple moving average of GBX 201.94 and a two-hundred day simple moving average of GBX 137.06. The company has a debt-to-equity ratio of 579.29, a current ratio of 0.60 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.