Kosmos Energy (NYSE:KOS) Shares Up 4.7% – Should You Buy?

Kosmos Energy Ltd. (NYSE:KOS)’s share price shot up 4.7% during trading on Wednesday . The stock traded as high as $1.67 and last traded at $1.67. 859,495 shares changed hands during trading, a decline of 91% from the average session volume of 9,818,081 shares. The stock had previously closed at $1.59.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KOS shares. Benchmark cut Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 target price on shares of Kosmos Energy in a research report on Wednesday, December 18th. StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Finally, 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, March 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.27.

Kosmos Energy Price Performance

The company has a fifty day moving average price of $2.39 and a two-hundred day moving average price of $3.25. 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 company has a market cap of $810.05 million, a price-to-earnings ratio of 3.85, a price-to-earnings-growth ratio of 5.24 and a beta of 1.94.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $397.66 million during 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, equities research analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Ronald W. Glass sold 10,354 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $32,304.48. Following the completion of the transaction, the chief accounting officer now directly owns 299,498 shares of the company’s stock, valued at approximately $934,433.76. This represents a 3.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Nealesh D. Shah sold 56,987 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $177,799.44. Following the completion of the sale, the chief financial officer now directly owns 1,711,580 shares in the company, valued at approximately $5,340,129.60. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock valued at $1,572,386 over the last quarter. Corporate insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

A number of large investors have recently bought and sold shares of the business. Orion Portfolio Solutions LLC raised its holdings in shares of Kosmos Energy by 50.9% in the third quarter. Orion Portfolio Solutions LLC now owns 22,918 shares of the oil and gas producer’s stock valued at $92,000 after buying an additional 7,728 shares during the last quarter. Barclays PLC raised its stake in shares of Kosmos Energy by 46.5% in the third quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock worth $12,221,000 after acquiring an additional 962,057 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kosmos Energy by 0.7% during the third quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer’s stock worth $42,650,000 after purchasing an additional 68,339 shares in the last quarter. Synovus Financial Corp bought a new stake in shares of Kosmos Energy during the third quarter valued at approximately $92,000. Finally, Franklin Resources Inc. increased its holdings in shares of Kosmos Energy by 3.9% in the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock valued at $531,000 after purchasing an additional 4,640 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

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.