Kosmos Energy (NYSE:KOS) Shares Climb 5.2% – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS)’s share price traded up 5.2% during mid-day trading on Friday. The stock traded as high as $2.87 and last traded at $2.84. Approximately 1,843,862 shares were traded during mid-day trading, a decline of 90% from the average session volume of 18,198,693 shares. The stock had previously closed at $2.70.

Wall Street Analysts Forecast Growth

KOS has been the topic of several recent research reports. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Stephens dropped their price target on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of Kosmos Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Kosmos Energy presently has an average rating of “Reduce” and an average target price of $2.53.

Kosmos Energy Stock Performance

The stock has a 50 day moving average of $2.76 and a 200 day moving average of $2.68. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -2.44, a price-to-earnings-growth ratio of 0.16 and a beta of 0.88.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $607.25 million for the quarter, compared to analysts’ expectations of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. As a group, analysts predict that Kosmos Energy Ltd. will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

Institutional investors have recently modified their holdings of the company. Swiss Life Asset Management Ltd raised its stake in Kosmos Energy by 12.2% during the second quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer’s stock worth $82,000 after buying an additional 4,215 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Kosmos Energy by 10.2% in the first quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock valued at $130,000 after buying an additional 4,361 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Kosmos Energy by 62.0% in the third quarter. SBI Securities Co. Ltd. now owns 11,453 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 4,382 shares during the period. GTS Securities LLC boosted its position in Kosmos Energy by 23.8% during the second quarter. GTS Securities LLC now owns 28,584 shares of the oil and gas producer’s stock valued at $60,000 after acquiring an additional 5,499 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in Kosmos Energy by 7.8% during the second quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer’s stock valued at $197,000 after acquiring an additional 6,757 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Kosmos Energy Company Profile

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.