Kosmos Energy (NYSE:KOS) Stock Price Up 4.8% - Here's What Happened

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report)'s stock price traded up 4.8% during mid-day trading on Tuesday . The company traded as high as $2.31 and last traded at $2.31. 3,035,306 shares traded hands during trading, a decline of 71% from the average session volume of 10,524,926 shares. The stock had previously closed at $2.20.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Benchmark reaffirmed a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. The Goldman Sachs Group dropped their price target on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Mizuho dropped their price target on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Wall Street Zen raised Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $4.93.

Kosmos Energy Price Performance

The stock has a market cap of $1.03 billion, a PE ratio of -71.81 and a beta of 1.44. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.40 and a current ratio of 0.76. The stock has a 50 day moving average of $1.80 and a two-hundred day moving average of $2.53.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a negative return on equity of 0.63% and a negative net margin of 0.80%. The business had revenue of $290.43 million for the quarter, compared to analyst estimates of $338.23 million. Equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insiders Place Their Bets

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the completion of the sale, the director now directly owns 29,921 shares in the company, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.99% of the company's stock.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors have recently made changes to their positions in KOS. Encompass Capital Advisors LLC acquired a new stake in shares of Kosmos Energy during the 4th quarter valued at about $35,723,000. Patient Capital Management LLC lifted its holdings in shares of Kosmos Energy by 81.6% during the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer's stock valued at $58,645,000 after buying an additional 7,707,707 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Kosmos Energy by 22.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer's stock valued at $111,586,000 after buying an additional 5,906,210 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Kosmos Energy by 28.1% during the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer's stock valued at $64,104,000 after buying an additional 4,114,499 shares during the last quarter. Finally, Equinox Partners Investment Management LLC lifted its holdings in shares of Kosmos Energy by 39.2% during the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer's stock valued at $39,063,000 after buying an additional 3,218,394 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.