Kosmos Energy (NYSE:KOS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Kosmos Energy Ltd. (NYSE:KOS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.15 and traded as high as $2.22. Kosmos Energy shares last traded at $2.09, with a volume of 16,442,174 shares changing hands.

Analysts Set New Price Targets

KOS has been the subject of several research reports. Weiss Ratings downgraded shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Wednesday, March 25th. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group cut shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $2.44.

Kosmos Energy Stock Performance

The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -1.20, a PEG ratio of 0.24 and a beta of 0.68. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36. The stock has a 50 day simple moving average of $2.78 and a two-hundred day simple moving average of $2.16.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%.The business had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. As a group, analysts anticipate that Kosmos Energy Ltd. will post 0.29 earnings per share for the current year.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, Director Steven Sterin sold 38,636 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $105,476.28. Following the transaction, the director directly owned 331,295 shares in the company, valued at $904,435.35. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Roy A. Franklin sold 43,466 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the sale, the director directly owned 150,722 shares in the company, valued at approximately $411,471.06. The trade was a 22.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 125,568 shares of company stock valued at $342,801 over the last three months. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kosmos Energy

Several large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in shares of Kosmos Energy by 175.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer’s stock worth $6,140,000 after purchasing an additional 4,308,275 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Kosmos Energy by 224.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock valued at $14,844,000 after purchasing an additional 3,691,800 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Kosmos Energy by 66.9% in the 4th quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer’s stock valued at $6,396,000 after purchasing an additional 2,825,517 shares during the period. Squarepoint Ops LLC boosted its position 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 during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Kosmos Energy by 19.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock worth $10,930,000 after buying an additional 1,962,936 shares during the last quarter. Institutional investors and hedge funds 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.