Kosmos Energy (NYSE:KOS) Trading 3.8% Higher - Still a Buy?

Key Points

• Kosmos Energy stock rose 3.8% to $1.76, but experienced a significant drop in trading volume, at 800,986 shares compared to the average of 9,961,657 shares.
• Analyst ratings show a decrease in price targets from firms like Mizuho and Goldman Sachs, with an average target price now at $4.77 and a current rating of "Moderate Buy."
• The company reported a loss of ($0.19) earnings per share for the last quarter, falling short of expectations, with revenues of $393.52 million against a forecast of $444.26 million.

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) shot up 3.8% during trading on Tuesday . The stock traded as high as $1.77 and last traded at $1.76. 800,986 shares traded hands during trading, a decline of 92% from the average session volume of 9,961,657 shares. The stock had previously closed at $1.69.

Wall Street Analyst Weigh In

KOS has been the topic of several recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Mizuho lowered their target price on shares of Kosmos Energy from $3.00 to $2.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $4.77.

Kosmos Energy Trading Down 3.7%

The company has a market cap of $805.85 million, a price-to-earnings ratio of -5.11 and a beta of 1.57. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. The business's 50 day moving average price is $1.86 and its 200-day moving average price is $1.90.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company had revenue of $393.52 million during the quarter, compared to the consensus estimate of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. On average, equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Foster Group Inc. bought a new position in Kosmos Energy in the second quarter valued at about $26,000. Blueshift Asset Management LLC acquired a new stake in shares of Kosmos Energy in the 2nd quarter valued at approximately $27,000. Verum Partners LLC bought a new stake in shares of Kosmos Energy during the 2nd quarter valued at approximately $29,000. Vident Advisory LLC acquired a new position in Kosmos Energy during the 1st quarter worth approximately $30,000. Finally, Baader Bank Aktiengesellschaft bought a new position in Kosmos Energy in the 2nd quarter valued at approximately $30,000. 95.33% of the stock is currently owned by institutional investors.

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.