Kosmos Energy (NYSE:KOS) Stock Jumps 4.5% - Here's Why

Key Points

• Kosmos Energy shares rose 4.5% to $2.76 during Monday trading, although volume was 96% below the average session level.
• Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce”, with nine analysts split between two Buys, three Holds, and four Sells; the consensus price target is $2.53.
• The company beat quarterly estimates, reporting $0.11 in earnings per share versus $0.09 expected and revenue of $607.25 million versus $483.23 million. Institutional investors own 95.33% of the stock and several large holders recently increased their positions.

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) shares shot up 4.5% during trading on Monday. The stock traded as high as $2.78 and last traded at $2.76. 830,786 shares were traded during trading, a decline of 96% from the average session volume of 18,545,494 shares. The stock had previously closed at $2.64.

Wall Street Analysts Forecast Growth

KOS has been the subject of a number of research reports. Stephens reduced their price objective on Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating for the company in a research note on Tuesday, July 21st. Weiss Ratings restated a "sell (d-)" rating on shares of Kosmos Energy in a research report on Monday, August 3rd. Mizuho upgraded shares of Kosmos Energy to a "strong sell" rating in a research report on Friday, July 31st. Finally, Wall Street Zen cut shares of Kosmos Energy from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 19th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $2.53.

Kosmos Energy Price Performance

The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -2.26, a PEG ratio of 0.15 and a beta of 0.88. The company has a 50-day moving average of $2.71 and a 200-day moving average of $2.68. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. The firm had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. As a group, equities research analysts predict that Kosmos Energy Ltd. will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of Kosmos Energy by 14.2% during the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer's stock worth $15,404,000 after purchasing an additional 689,800 shares during the period. Banco Santander S.A. increased its stake in Kosmos Energy by 321.9% in the 2nd quarter. Banco Santander S.A. now owns 525,378 shares of the oil and gas producer's stock valued at $1,109,000 after buying an additional 400,842 shares during the period. Squarepoint Ops LLC increased its stake in Kosmos Energy by 813.3% in the 2nd quarter. Squarepoint Ops LLC now owns 1,376,536 shares of the oil and gas producer's stock valued at $2,904,000 after buying an additional 1,225,813 shares during the period. Equinox Partners Investment Management LLC increased its stake in Kosmos Energy by 6.2% in the 1st quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer's stock valued at $57,485,000 after buying an additional 1,208,053 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Kosmos Energy by 20.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer's stock worth $19,699,000 after buying an additional 1,204,789 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

About Kosmos Energy

Kosmos Energy Ltd. NYSE: KOS is an independent international energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop hydrocarbon resources in selected emerging and frontier basins.

Kosmos has historically maintained a portfolio concentrated along the Atlantic margins of Africa. Its activities have included oil production and development projects offshore Ghana, including interests in the Jubilee and TEN fields, as well as natural gas exploration and development in the offshore Mauritania-Senegal basin.

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