Kosmos Energy (NYSE:KOS) Trading Up 7.7% - Time to 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%.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen raised Kosmos Energy to a "sell" rating in a report on Friday, May 16th. Mizuho decreased their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Benchmark reissued a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Finally, The Goldman Sachs Group lowered their target price on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a report on Monday, May 19th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.93.

Kosmos Energy Trading Up 7.7%

The firm has a market capitalization of $834.55 million, a price-to-earnings ratio of -5.29 and a beta of 1.57. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56. The firm's 50 day moving average is $1.91 and its 200 day moving average is $1.94.

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

Institutional Investors Weigh In On Kosmos Energy

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Kosmos Energy by 14.3% during the second quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer's stock worth $57,467,000 after buying an additional 4,175,537 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Kosmos Energy by 9.0% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer's stock valued at $58,202,000 after purchasing an additional 2,110,306 shares in the last quarter. Patient Capital Management LLC lifted its holdings in Kosmos Energy by 7.4% during the 2nd quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer's stock valued at $33,264,000 after purchasing an additional 1,334,930 shares during the last quarter. Equinox Partners Investment Management LLC increased its holdings in shares of Kosmos Energy by 41.6% during the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer's stock worth $32,115,000 after buying an additional 5,485,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Kosmos Energy by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 11,263,585 shares of the oil and gas producer's stock worth $19,376,000 after acquiring an additional 424,720 shares during the last quarter. 95.33% of the stock is 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.

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