Kosmos Energy (LON:KOS) Reaches New 52-Week Low – Here’s Why

Kosmos Energy Ltd. (LON:KOS)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 90 and last traded at GBX 90, with a volume of 2531 shares. The stock had previously closed at GBX 91.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut their price objective on shares of Kosmos Energy from GBX 270 to GBX 220 and set a “buy” rating for the company in a report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 220.

Kosmos Energy Stock Performance

The stock has a 50 day moving average of GBX 120.38 and a 200 day moving average of GBX 134.31. The company has a quick ratio of 0.61, a current ratio of 0.75 and a debt-to-equity ratio of 224.91. The firm has a market cap of £430.43 million, a price-to-earnings ratio of -2.65, a P/E/G ratio of 0.10 and a beta of 2.43.

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.