Kosmos Energy (NYSE:KOS) Shares Up 7.7% - Should You Buy?

Key Points

• Kosmos Energy Ltd. saw its stock price increase by 7.7% during recent trading, closing at $1.75, despite a significant decline in trading volume by 38%.
• Several analysts have revised their ratings on Kosmos Energy, with Goldman Sachs lowering its target price from $3.50 to $3.00, while maintaining a "buy" rating, and a consensus target price is currently set at $4.93.
• The company reported a loss with an EPS of ($0.19) for the last quarter, missing expectations of ($0.06), and it experienced a negative net margin of 10.74%.

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) rose 7.7% during mid-day trading on Wednesday . The stock traded as high as $1.72 and last traded at $1.75. Approximately 6,167,424 shares were traded during trading, a decline of 38% from the average daily volume of 10,021,152 shares. The stock had previously closed at $1.62.

Analyst Ratings Changes

KOS has been the topic of several analyst reports. 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. Benchmark restated a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Finally, Mizuho dropped their price objective on Kosmos Energy from $3.00 to $2.00 and set a "neutral" rating on the stock in a report on Monday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.77.

Kosmos Energy Price Performance

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 has a 50-day moving average price of $1.89 and a two-hundred day moving average price of $1.91. The firm has a market capitalization of $803.46 million, a price-to-earnings ratio of -5.09 and a beta of 1.57.

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

Institutional Trading of Kosmos Energy

Several large investors have recently added to or reduced their stakes in KOS. Ameriprise Financial Inc. increased its position in Kosmos Energy by 16.0% in the 4th quarter. Ameriprise Financial Inc. now owns 2,052,533 shares of the oil and gas producer's stock valued at $7,020,000 after acquiring an additional 282,363 shares during the period. Deutsche Bank AG increased its position in shares of Kosmos Energy by 28.3% during the 4th quarter. Deutsche Bank AG now owns 814,366 shares of the oil and gas producer's stock valued at $2,785,000 after purchasing an additional 179,618 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Kosmos Energy by 138.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 35,700 shares of the oil and gas producer's stock worth $122,000 after acquiring an additional 20,700 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kosmos Energy by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 266,037 shares of the oil and gas producer's stock worth $910,000 after acquiring an additional 9,928 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of 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 buying an additional 1,170,074 shares during the period. 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.