Kosmos Energy Ltd., a deep-water independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company's primary assets include production offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a proven basin exploration program. The company was founded in 2003 and is headquartered in Dallas, Texas.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on KOS. StockNews.com upgraded shares of Kosmos Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 12th. Barclays cut their price objective on shares of Kosmos Energy from $11.00 to $10.40 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Berenberg Bank downgraded shares of Kosmos Energy from a "buy" rating to a "hold" rating in a research report on Monday, June 13th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.95.
Kosmos Energy Stock Performance
NYSE:KOS traded up $0.36 during mid-day trading on Thursday, hitting $6.52. The stock had a trading volume of 256,359 shares, compared to its average volume of 6,258,831. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 15.40 and a beta of 2.88. The company has a 50 day simple moving average of $6.36 and a 200-day simple moving average of $6.27. Kosmos Energy has a 52 week low of $1.80 and a 52 week high of $8.48. The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 3.44.
Kosmos Energy (NYSE:KOS - Get Rating) last issued its quarterly earnings data on Sunday, August 7th. The oil and gas producer reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Kosmos Energy had a net margin of 9.19% and a return on equity of 58.18%. During the same period in the prior year, the firm posted ($0.03) EPS. On average, research analysts expect that Kosmos Energy will post 1.09 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Kosmos Energy news, Director Roy A. Franklin sold 20,732 shares of the business's stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $7.10, for a total transaction of $147,197.20. Following the sale, the director now directly owns 52,009 shares in the company, valued at approximately $369,263.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.67% of the stock is owned by insiders.