Kosmos Energy Ltd. (KOS) Shares Up 5.3%
Kosmos Energy Ltd. (NYSE:KOS)’s share price shot up 5.3% on Thursday . The stock traded as high as $5.61 and last traded at $5.59, with a volume of 699,200 shares. The stock had previously closed at $5.31.
Several research firms have weighed in on KOS. Raymond James Financial Inc. upgraded shares of Kosmos Energy from an “outperform” rating to a “strong-buy” rating and set a $7.00 price objective on the stock in a research report on Wednesday, May 11th. Zacks Investment Research upgraded shares of Kosmos Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 price target on the stock in a report on Tuesday, July 12th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Kosmos Energy in a report on Tuesday, May 10th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $7.58.
The firm’s market capitalization is $2.15 billion. The stock’s 50 day moving average is $5.57 and its 200-day moving average is $5.38.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The business earned $45.68 million during the quarter, compared to analyst estimates of $121.81 million. During the same quarter in the prior year, the company earned ($0.20) earnings per share. The company’s quarterly revenue was up 37397.7% on a year-over-year basis. On average, equities research analysts forecast that Kosmos Energy Ltd. will post ($0.29) earnings per share for the current year.
A number of large investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake 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. California Public Employees Retirement System raised its stake 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. Dimensional Fund Advisors LP raised its stake 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. Finally, RS Investment Management Co. LLC raised its stake 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.
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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