Kosmos Energy (NYSE:KOS) Shares Up 7.4% - Should You Buy?

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) rose 7.4% on Thursday . The company traded as high as $2.35 and last traded at $2.29. Approximately 3,864,900 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 10,272,903 shares. The stock had previously closed at $2.13.

Analyst Upgrades and Downgrades

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

Kosmos Energy Price Performance

The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.40. The stock has a market cap of $1.06 billion, a P/E ratio of -73.81 and a beta of 1.44. The company's 50 day simple moving average is $1.95 and its 200 day simple moving average is $2.29.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $290.43 million for the quarter, compared to the consensus estimate of $338.23 million. As a group, equities analysts forecast that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of Kosmos Energy stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the sale, the director directly owned 29,921 shares in the company, valued at approximately $54,157.01. The trade was a 48.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.99% of the company's stock.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. Encompass Capital Advisors LLC acquired a new position in shares of Kosmos Energy during the 4th quarter worth about $35,723,000. Patient Capital Management LLC grew its stake in Kosmos Energy by 81.6% in 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 grew its stake in Kosmos Energy by 22.1% in 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. Invesco Ltd. grew its stake in Kosmos Energy by 40.2% in the 1st quarter. Invesco Ltd. now owns 10,898,600 shares of the oil and gas producer's stock valued at $24,849,000 after buying an additional 3,127,003 shares during the last quarter. Finally, Corigliano Investment Advisers LLC acquired a new position in Kosmos Energy in the 1st quarter valued at about $7,047,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.