Kosmos Energy (NYSE:KOS) Shares Climb 4.5% – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS)’s share price was up 4.5% during mid-day trading on Monday. The company traded as high as $2.78 and last traded at $2.76. 830,786 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 18,545,494 shares. The stock had previously closed at $2.64.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Wall Street Zen downgraded shares of Kosmos Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. Mizuho raised Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Finally, Stephens cut their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $2.53.

Kosmos Energy Stock Up 2.6%

The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.38. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -2.34, a PEG ratio of 0.16 and a beta of 0.88. The stock’s fifty day simple moving average is $2.72 and its two-hundred day simple moving average is $2.68.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $607.25 million for the quarter, compared to analysts’ expectations of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. On average, sell-side analysts predict that Kosmos Energy Ltd. will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently made changes to their positions in KOS. The Manufacturers Life Insurance Company boosted its stake in shares of Kosmos Energy by 20.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 155,923 shares of the oil and gas producer’s stock worth $329,000 after buying an additional 27,004 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Kosmos Energy during the 2nd quarter worth $114,000. Squarepoint Ops LLC boosted its stake in shares of Kosmos Energy by 813.3% in the 2nd quarter. Squarepoint Ops LLC now owns 1,376,536 shares of the oil and gas producer’s stock valued at $2,904,000 after purchasing an additional 1,225,813 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Kosmos Energy by 151.0% during the second quarter. Allworth Financial LP now owns 17,312 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 10,415 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Kosmos Energy by 20.9% during the 2nd quarter. Arizona State Retirement System now owns 159,576 shares of the oil and gas producer’s stock worth $337,000 after buying an additional 27,591 shares during the period. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. (NYSE: KOS) is an independent international energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop hydrocarbon resources in selected emerging and frontier basins.

Kosmos has historically maintained a portfolio concentrated along the Atlantic margins of Africa. Its activities have included oil production and development projects offshore Ghana, including interests in the Jubilee and TEN fields, as well as natural gas exploration and development in the offshore Mauritania-Senegal basin.