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

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

Analysts Set New Price Targets

KOS has been the subject of several recent research reports. Mizuho decreased their price objective on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a report on Monday, May 19th. One investment 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. According to MarketBeat, Kosmos Energy has a consensus rating of "Hold" and an average target price of $4.93.

Kosmos Energy Stock Up 9.0%

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 capitalization of $896.27 million, a PE ratio of -62.48 and a beta of 1.44. The company has a 50 day moving average price of $1.82 and a 200-day moving average price of $2.45.

Kosmos Energy (NYSE:KOS - Get Free Report) last released 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). Kosmos Energy had a negative net margin of 0.80% and a negative return on equity of 0.63%. The company had revenue of $290.43 million during the quarter, compared to the consensus estimate of $338.23 million. As a group, analysts forecast that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the 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 completion of the transaction, the director directly owned 29,921 shares of the company's stock, valued at $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund increased its stake in shares of Kosmos Energy by 3.8% in the 4th quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer's stock worth $588,000 after acquiring an additional 6,300 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Kosmos Energy by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,131,142 shares of the oil and gas producer's stock worth $7,289,000 after purchasing an additional 86,692 shares during the period. US Bancorp DE increased its stake in shares of Kosmos Energy by 19.2% during the fourth quarter. US Bancorp DE now owns 494,619 shares of the oil and gas producer's stock valued at $1,692,000 after purchasing an additional 79,517 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kosmos Energy by 13.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,969,329 shares of the oil and gas producer's stock valued at $23,835,000 after purchasing an additional 847,635 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Kosmos Energy by 17.1% in the 4th quarter. Victory Capital Management Inc. now owns 138,444 shares of the oil and gas producer's stock worth $473,000 after purchasing an additional 20,235 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.

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