Kosmos Energy Ltd. (KOS) Sees Unusually-High Trading Volume
Shares of Kosmos Energy Ltd. (NYSE:KOS) saw an uptick in trading volume on Wednesday . 2,742,815 shares changed hands during mid-day trading, an increase of 85% from the previous session’s volume of 1,485,895 shares.The stock last traded at $5.38 and had previously closed at $5.41.
Several research firms have recently issued reports on KOS. Zacks Investment Research raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Wednesday, April 13th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Kosmos Energy in a report on Tuesday, May 10th. Finally, Raymond James Financial Inc. raised shares of Kosmos Energy from an “outperform” rating to a “strong-buy” rating and set a $7.00 target price on the stock in a report on Wednesday, May 11th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $7.58.
The company’s market cap is $2.04 billion. The company has a 50-day moving average price of $5.57 and a 200 day moving average price of $5.38.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. During the same quarter last year, the company earned ($0.20) EPS. The company had revenue of $45.68 million for the quarter, compared to analyst estimates of $121.81 million. The business’s revenue was up 37397.7% compared to the same quarter last year. On average, equities research analysts expect that Kosmos Energy Ltd. will post ($0.34) earnings per share for the current fiscal year.
Several institutional investors recently bought and sold shares of KOS. RS Investment Management Co. LLC increased its position in Kosmos Energy by 66,452.5% in the fourth quarter. RS Investment Management Co. LLC now owns 2,367,938 shares of the company’s stock valued at $12,313,000 after buying an additional 2,364,380 shares during the period. Dimensional Fund Advisors LP increased its position in Kosmos Energy by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,161,911 shares of the company’s stock valued at $11,241,000 after buying an additional 221,617 shares during the period. California Public Employees Retirement System increased its position in Kosmos Energy by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 419,300 shares of the company’s stock valued at $2,180,000 after buying an additional 18,700 shares during the period. Finally, California State Teachers Retirement System increased its position in Kosmos Energy by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 301,461 shares of the company’s stock valued at $1,568,000 after buying an additional 4,742 shares during the period.
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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