Kosmos Energy (NYSE:KOS) Trading Up 8.4% - What's Next?

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) rose 8.4% on Tuesday . The company traded as high as $1.87 and last traded at $1.86. Approximately 6,472,047 shares traded hands during trading, a decline of 30% from the average daily volume of 9,249,220 shares. The stock had previously closed at $1.72.

Analyst Ratings Changes

Several equities analysts have commented on KOS shares. The Goldman Sachs Group dropped their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Mizuho lowered their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Benchmark reissued a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Finally, Wall Street Zen upgraded shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Kosmos Energy presently has an average rating of "Hold" and a consensus price target of $4.93.

Kosmos Energy Trading Down 0.3%

The firm has a market cap of $944.07 million, a P/E ratio of -65.81 and a beta of 1.44. 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 50 day moving average of $1.83 and a 200 day moving average of $2.43.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The business had revenue of $290.43 million during the quarter, compared to the consensus estimate of $338.23 million. Kosmos Energy had a negative return on equity of 0.63% and a negative net margin of 0.80%. As a group, equities research analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current 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 shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the transaction, the director owned 29,921 shares in the company, valued at approximately $54,157.01. The trade was a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.99% of the company's stock.

Hedge Funds Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in KOS. JPMorgan Chase & Co. boosted its position in shares of Kosmos Energy by 103.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,272,525 shares of the oil and gas producer's stock valued at $4,352,000 after purchasing an additional 647,921 shares in the last quarter. American Century Companies Inc. raised its holdings in Kosmos Energy by 11.3% in the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer's stock worth $101,083,000 after acquiring an additional 2,997,438 shares during the last quarter. Barclays PLC lifted its holdings in shares of Kosmos Energy by 85.0% during the fourth quarter. Barclays PLC now owns 5,611,213 shares of the oil and gas producer's stock valued at $19,190,000 after purchasing an additional 2,578,431 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Kosmos Energy by 23.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,097,622 shares of the oil and gas producer's stock valued at $7,174,000 after acquiring an additional 395,283 shares during the period. Finally, Millennium Management LLC boosted its holdings in Kosmos Energy by 78.2% in the fourth quarter. Millennium Management LLC now owns 2,665,589 shares of the oil and gas producer's stock worth $9,116,000 after purchasing an additional 1,170,074 shares during 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.