Kosmos Energy (NYSE:KOS) Shares Gap Up to $4.82

Kosmos Energy Ltd. (NYSE:KOS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $4.82, but opened at $5.00. Kosmos Energy shares last traded at $5.03, with a volume of 1,731,941 shares traded.

Wall Street Analysts Forecast Growth

KOS has been the subject of several recent analyst reports. Sanford C. Bernstein reduced their price objective on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Benchmark restated a “buy” rating and set a $8.00 price target on shares of Kosmos Energy in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $8.56.

Kosmos Energy Trading Up 2.7 %

The company has a quick ratio of 0.64, a current ratio of 0.91 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $2.33 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 0.43 and a beta of 2.41. The firm’s 50-day simple moving average is $5.29 and its 200-day simple moving average is $5.66.

Institutional Investors Weigh In On Kosmos Energy

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 23.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 25,145,473 shares of the oil and gas producer’s stock worth $149,867,000 after acquiring an additional 4,830,005 shares in the last quarter. American Century Companies Inc. lifted its stake in Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock worth $137,470,000 after purchasing an additional 3,636,663 shares during the last quarter. M&G Plc purchased a new stake in Kosmos Energy during the first quarter valued at about $20,800,000. Webs Creek Capital Management LP bought a new position in shares of Kosmos Energy during the first quarter valued at about $17,396,000. Finally, Weiss Asset Management LP bought a new stake in shares of Kosmos Energy in the 4th quarter valued at about $14,762,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

About Kosmos Energy

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.