Kosmos Energy (NYSE:KOS) Trading Up 5.3% - Should You Buy?

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) rose 5.3% during mid-day trading on Monday . The company traded as high as $2.00 and last traded at $2.09. Approximately 402,405 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 9,294,111 shares. The stock had previously closed at $1.98.

Analyst Ratings Changes

KOS has been the subject of a number of research analyst reports. Mizuho reduced their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Benchmark restated a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a report on Friday, May 16th. 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 report on Monday, May 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $4.93.

Kosmos Energy Stock Up 5.0%

The business has a fifty day moving average of $1.85 and a 200 day moving average of $2.41. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -70.31 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.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS 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 for the quarter, compared to analyst estimates of $338.23 million. On average, equities analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insider Buying and Selling

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the transaction, the director owned 29,921 shares in the company, valued at $54,157.01. This trade represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.99% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC acquired a new position in Kosmos Energy during the fourth quarter valued at approximately $34,000. Disciplined Investors L.L.C. acquired a new stake in shares of Kosmos Energy in the fourth quarter worth $36,000. Boothbay Fund Management LLC acquired a new stake in shares of Kosmos Energy in the fourth quarter worth $45,000. Vident Advisory LLC acquired a new stake in shares of Kosmos Energy in the first quarter worth $30,000. Finally, RPO LLC acquired a new stake in shares of Kosmos Energy in the fourth quarter worth $59,000. Institutional investors and hedge funds own 95.33% of the company's stock.

About Kosmos Energy

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.