Kosmos Energy (NYSE:KOS) Shares Gap Up – Still a Buy?

Shares of Kosmos Energy Ltd. (NYSE:KOS) gapped up prior to trading on Thursday . The stock had previously closed at $1.46, but opened at $1.55. Kosmos Energy shares last traded at $1.60, with a volume of 1,478,928 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KOS shares. Mizuho lowered their price objective on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $2.00 price target (down from $3.00) on shares of Kosmos Energy in a report on Monday, September 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Kosmos Energy in a report on Wednesday, October 8th. Finally, Clarkson Capital assumed coverage on Kosmos Energy in a report on Friday. They set a “buy” rating and a $4.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.10.

Kosmos Energy Price Performance

The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $801.07 million, a PE ratio of -5.08 and a beta of 1.43. The firm has a 50 day moving average price of $1.70 and a 200 day moving average price of $1.81.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%.The business had revenue of $393.52 million during the quarter, compared to analysts’ expectations of $444.26 million. Research analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Foster Group Inc. purchased a new position in shares of Kosmos Energy during the second quarter valued at about $26,000. Blueshift Asset Management LLC bought a new position in shares of Kosmos Energy in the 2nd quarter valued at about $27,000. Verum Partners LLC bought a new position in shares of Kosmos Energy in the 2nd quarter valued at about $29,000. Vident Advisory LLC bought a new position in shares of Kosmos Energy in the 1st quarter valued at about $30,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Kosmos Energy in the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.