Kosmos Energy (NYSE:KOS) Trading Up 17.3% – Should You Buy?

Kosmos Energy Ltd. (NYSE:KOS)’s share price shot up 17.3% during trading on Monday . The company traded as high as $1.09 and last traded at $1.0950. 11,538,317 shares changed hands during trading, a decline of 52% from the average session volume of 24,040,957 shares. The stock had previously closed at $0.9334.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Bank of America reiterated an “underperform” rating and set a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Sanford C. Bernstein dropped their price objective on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research note on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Johnson Rice downgraded shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and lowered their price target for the company from $4.50 to $3.50 in a report on Friday, December 5th. Finally, Mizuho reduced their price objective on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Kosmos Energy currently has a consensus rating of “Hold” and a consensus target price of $2.08.

Kosmos Energy Stock Performance

The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29. The stock has a market capitalization of $495.07 million, a PE ratio of -1.52 and a beta of 0.89. The firm has a fifty day moving average price of $1.12 and a two-hundred day moving average price of $1.56.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. The business had revenue of $310.96 million during the quarter, compared to the consensus estimate of $360.82 million. Research analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Equinox Partners Investment Management LLC raised its holdings in shares of Kosmos Energy by 41.6% in the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after acquiring an additional 5,485,000 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Kosmos Energy by 14.3% in the 2nd quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock valued at $57,467,000 after purchasing an additional 4,175,537 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Kosmos Energy by 333.0% in the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after purchasing an additional 2,477,102 shares in the last quarter. M&G PLC lifted its position in shares of Kosmos Energy by 38.3% in the 3rd quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock worth $13,244,000 after purchasing an additional 2,210,302 shares during the period. Finally, Patient Capital Management LLC boosted its stake in shares of Kosmos Energy by 7.4% during the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock valued at $33,264,000 after purchasing an additional 1,334,930 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.