Kosmos Energy (NYSE:KOS) Shares Up 6.9% – Here’s Why

Shares of Kosmos Energy Ltd. (NYSE:KOS) traded up 6.9% during mid-day trading on Thursday . The stock traded as high as $4.20 and last traded at $4.16. 5,729,767 shares were traded during trading, a decline of 17% from the average session volume of 6,935,418 shares. The stock had previously closed at $3.89.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KOS shares. Sanford C. Bernstein lowered their target price on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Benchmark dropped their price objective on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America lowered their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Finally, Mizuho initiated coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They set a “neutral” rating and a $5.00 price objective for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kosmos Energy has an average rating of “Moderate Buy” and a consensus price target of $6.60.

Kosmos Energy Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The company has a market cap of $1.94 billion, a PE ratio of 9.45, a P/E/G ratio of 0.26 and a beta of 2.42. The firm’s 50-day simple moving average is $4.07 and its two-hundred day simple moving average is $4.97.

Institutional Trading of Kosmos Energy

Several large investors have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of Kosmos Energy by 7.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock worth $113,828,000 after purchasing an additional 1,933,216 shares during the last quarter. American Century Companies Inc. lifted its stake in Kosmos Energy by 17.2% during the 2nd quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after acquiring an additional 3,636,663 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Kosmos Energy by 13.5% in the 2nd quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock valued at $75,460,000 after acquiring an additional 1,624,495 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Kosmos Energy by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock worth $77,328,000 after acquiring an additional 258,460 shares during the period. Finally, Equinox Partners Investment Management LLC raised its holdings in shares of Kosmos Energy by 29.4% during the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock worth $33,060,000 after purchasing an additional 1,863,966 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.