Kosmos Energy (NYSE:KOS) Trading 4.8% Higher - Here's Why

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KOS shares. Mizuho reduced their price target on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned 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 Stock Up 1.6%

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 company has a market cap of $1.07 billion, a P/E ratio of -74.48 and a beta of 1.44. The stock has a 50 day moving average price of $1.78 and a 200 day moving average price of $2.55.

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

Insider Activity

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the transaction, the director now owns 29,921 shares in the company, valued at $54,157.01. The trade was a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Kosmos Energy

Several large investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in shares of Kosmos Energy by 14.7% during the 1st quarter. Rhumbline Advisers now owns 666,204 shares of the oil and gas producer's stock worth $1,519,000 after acquiring an additional 85,431 shares in the last quarter. Strs Ohio bought a new stake in shares of Kosmos Energy during the 1st quarter worth about $120,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kosmos Energy by 21.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer's stock worth $5,793,000 after acquiring an additional 443,384 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Kosmos Energy during the 1st quarter worth about $1,849,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kosmos Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer's stock worth $634,000 after acquiring an additional 12,045 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

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.