Kosmos Energy (LON:KOS) Trading 5.7% Higher - Time to Buy?

Key Points

• Kosmos Energy Ltd. shares rose by 5.7% to GBX 140 ($1.88), despite trading volume dropping by 69% compared to the average.
• The company's recent earnings report showed a loss of GBX (0.42) earnings per share (EPS) for the quarter, with projections estimating 76.65 EPS for the current year.
• Kosmos Energy operates in oil and gas production along the Atlantic Margins, with significant projects located in Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico.

Shares of Kosmos Energy Ltd. (LON:KOS - Get Free Report) were up 5.7% during mid-day trading on Tuesday . The stock traded as high as GBX 140 ($1.88) and last traded at GBX 140 ($1.88). Approximately 2,347 shares changed hands during trading, a decline of 69% from the average daily volume of 7,684 shares. The stock had previously closed at GBX 132.50 ($1.78).

Kosmos Energy Stock Up 5.7%

The company's fifty day moving average price is GBX 133.20 and its 200-day moving average price is GBX 140.11. The stock has a market capitalization of £669.56 million, a PE ratio of -411.76, a price-to-earnings-growth ratio of 0.10 and a beta of 2.43. The company has a quick ratio of 0.61, a current ratio of 0.75 and a debt-to-equity ratio of 224.91.

Kosmos Energy (LON:KOS - Get Free Report) last released its earnings results on Monday, August 4th. The company reported GBX (0.42) earnings per share (EPS) for the quarter. Kosmos Energy had a net margin of 12.22% and a return on equity of 19.64%. Analysts forecast that Kosmos Energy Ltd. will post 76.6519824 earnings per share for the current year.

Kosmos Energy Company Profile

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.

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