Kosmos Energy (NYSE:KOS) Stock Price Up 4.6% – Should You Buy?

Kosmos Energy Ltd. (NYSE:KOS) rose 4.6% during trading on Wednesday . The company traded as high as $2.39 and last traded at $2.38. Approximately 1,769,466 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 7,694,332 shares. The stock had previously closed at $2.27.

Wall Street Analysts Forecast Growth

KOS has been the subject of a number of recent research reports. StockNews.com downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Mizuho reduced their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Jefferies Financial Group restated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. The Goldman Sachs Group reduced their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.27.

Kosmos Energy Trading Down 4.1 %

The company’s fifty day moving average is $2.84 and its 200-day moving average is $3.49. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $1.06 billion, a P/E ratio of 5.03, a P/E/G ratio of 5.24 and a beta of 2.31.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $397.66 million for the quarter, compared to the consensus estimate of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. As a group, sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In other news, CEO Andrew G. Inglis sold 138,689 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $432,709.68. Following the completion of the transaction, the chief executive officer now directly owns 3,959,000 shares in the company, valued at $12,352,080. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ronald W. Glass sold 10,354 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $32,304.48. Following the completion of the sale, the chief accounting officer now directly owns 299,498 shares of the company’s stock, valued at $934,433.76. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 503,970 shares of company stock valued at $1,572,386 in the last 90 days. 2.02% of the stock is currently owned by insiders.

Institutional Trading of Kosmos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kosmos Energy by 11.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,702,339 shares of the oil and gas producer’s stock valued at $6,860,000 after buying an additional 172,966 shares during the period. Equinox Partners Investment Management LLC raised its holdings in Kosmos Energy by 39.2% in the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after acquiring an additional 3,218,394 shares in the last quarter. American Century Companies Inc. raised its holdings in Kosmos Energy by 11.3% in the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock valued at $101,083,000 after acquiring an additional 2,997,438 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Kosmos Energy by 33.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 536,870 shares of the oil and gas producer’s stock worth $1,836,000 after acquiring an additional 133,704 shares during the period. Finally, Barclays PLC grew its holdings in shares of Kosmos Energy by 46.5% during the 3rd quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock worth $12,221,000 after purchasing an additional 962,057 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Company Profile

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.