Kosmos Energy (LON:KOS) Shares Up 7.7% – Time to Buy?

Shares of Kosmos Energy Ltd. (LON:KOS) traded up 7.7% during trading on Tuesday . The company traded as high as GBX 238 and last traded at GBX 238. Approximately 1,584 shares were traded during trading, a decline of 93% from the average daily volume of 24,070 shares. The stock had previously closed at GBX 221.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 210 target price on shares of Kosmos Energy in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 210.

Kosmos Energy Stock Performance

The company has a market cap of £1.42 billion, a P/E ratio of -2.12, a price-to-earnings-growth ratio of 0.10 and a beta of 0.73. The stock has a 50 day moving average price of GBX 192.28 and a two-hundred day moving average price of GBX 196.59. The company has a quick ratio of 0.61, a current ratio of 0.59 and a debt-to-equity ratio of 379.09.

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. It undertakes a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos Energy Ltd. was founded in 2003 and is headquartered in Dallas, Texas.