Kosmos Energy (NYSE:KOS) Stock Price Up 4.8% – Time to Buy?

Kosmos Energy Ltd. (NYSE:KOS) shares traded up 4.8% during trading on Tuesday . The company traded as high as $2.31 and last traded at $2.31. 3,035,306 shares were traded during mid-day trading, a decline of 71% from the average session volume of 10,524,926 shares. The stock had previously closed at $2.20.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KOS. Benchmark reaffirmed a “hold” rating on shares of Kosmos Energy in a report on Thursday, June 5th. Wall Street Zen raised shares of Kosmos Energy to a “sell” rating in a research note on Friday, May 16th. Mizuho decreased their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group lowered their price target on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Kosmos Energy presently has an average rating of “Hold” and a consensus price target of $4.93.

Kosmos Energy Stock Up 4.3%

The business has a 50-day simple moving average of $1.77 and a 200-day simple moving average of $2.55. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 5.24 and a beta of 1.44.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The business had revenue of $290.43 million for the quarter, compared to analysts’ expectations of $338.23 million. On average, equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Activity at Kosmos Energy

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the completion of the sale, the director now directly owns 29,921 shares of the company’s stock, valued at approximately $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.99% of the company’s stock.

Institutional Trading of Kosmos Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Kosmos Energy by 22.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after purchasing an additional 5,906,210 shares during the period. American Century Companies Inc. increased its position 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 during the period. Hotchkis & Wiley Capital Management LLC raised its stake in Kosmos Energy by 9.0% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer’s stock valued at $58,202,000 after acquiring an additional 2,110,306 shares during the last quarter. William Blair Investment Management LLC lifted its position in Kosmos Energy by 28.1% during the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after acquiring an additional 4,114,499 shares during the period. Finally, Patient Capital Management LLC grew its stake in shares of Kosmos Energy by 81.6% in the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock valued at $58,645,000 after purchasing an additional 7,707,707 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.