Kosmos Energy (NYSE:KOS) Hits New 12-Month High – Should You Buy?

Kosmos Energy Ltd. (NYSE:KOS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $3.05 and last traded at $3.04, with a volume of 9477032 shares traded. The stock had previously closed at $2.92.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KOS shares. Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target for the company in a research report on Wednesday, March 25th. Mizuho lowered their price objective on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Friday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Sanford C. Bernstein decreased their target price on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research report on Monday, January 5th. Finally, Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.19.

Kosmos Energy Price Performance

The stock has a market cap of $1.46 billion, a PE ratio of -2.08, a P/E/G ratio of 0.44 and a beta of 0.65. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.45 and a current ratio of 0.75. The business has a 50 day moving average price of $2.23 and a two-hundred day moving average price of $1.63.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Saturday, February 14th. The oil and gas producer reported ($0.16) EPS for the quarter. The business had revenue of $294.62 million for the quarter. Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. Research analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Adebayo O. Ogunlesi purchased 3,157,895 shares of Kosmos Energy stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average price of $1.90 per share, for a total transaction of $6,000,000.50. Following the completion of the transaction, the director owned 4,974,184 shares in the company, valued at $9,450,949.60. This represents a 173.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew G. Inglis acquired 315,790 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average price of $1.90 per share, with a total value of $600,001.00. Following the acquisition, the chief executive officer directly owned 4,542,807 shares of the company’s stock, valued at $8,631,333.30. The trade was a 7.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 3,684,210 shares of company stock worth $6,999,999 and sold 272,844 shares worth $377,592. 1.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its stake in shares of Kosmos Energy by 41.0% during the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 7,169 shares during the last quarter. Captrust Financial Advisors lifted its stake in Kosmos Energy by 93.9% in the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 13,854 shares during the last quarter. Caprock Group LLC purchased a new position in Kosmos Energy in the third quarter valued at approximately $53,000. Old Port Advisors bought a new position in Kosmos Energy during the fourth quarter valued at $27,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Kosmos Energy during the third quarter valued at $50,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.