Kosmos Energy (LON:KOS) Trading Up 15.7% – Time to Buy?

Kosmos Energy Ltd. (LON:KOS) shares were up 15.7% on Thursday . The company traded as high as GBX 123 and last traded at GBX 118. Approximately 58,257 shares traded hands during trading, an increase of 66% from the average daily volume of 35,057 shares. The stock had previously closed at GBX 102.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Peel Hunt reiterated a “hold” rating and set a GBX 210 price target on shares of Kosmos Energy in a research report on Monday, January 5th. Jefferies Financial Group reduced their price target on shares of Kosmos Energy from GBX 270 to GBX 220 and set a “buy” rating for the company in a research note on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 215.

Kosmos Energy Trading Up 2.1%

The company has a market cap of £569.21 million, a PE ratio of -1.70, a PEG ratio of 0.10 and a beta of 2.43. The company has a debt-to-equity ratio of 224.91, a quick ratio of 0.61 and a current ratio of 0.75. The company has a 50 day simple moving average of GBX 83.53 and a two-hundred day simple moving average of GBX 113.89.

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. It undertakes a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos Energy Ltd. was founded in 2003 and is headquartered in Dallas, Texas.