Kosmos Energy (NYSE:KOS) Reaches New 1-Year Low – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.36 and last traded at $3.37, with a volume of 6199197 shares traded. The stock had previously closed at $3.71.

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America lowered their target price on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Benchmark decreased their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho started 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. Finally, Sanford C. Bernstein cut their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.75.

Kosmos Energy Stock Down 4.4 %

The stock has a fifty day moving average price of $3.91 and a 200-day moving average price of $4.65. The firm has a market cap of $1.42 billion, a PE ratio of 6.83, a PEG ratio of 0.48 and a beta of 2.41. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Hedge Funds Weigh In On Kosmos Energy

A number of hedge funds have recently made changes to their positions in the business. American Century Companies Inc. lifted its holdings in Kosmos Energy by 17.2% in the 2nd quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock worth $137,470,000 after buying an additional 3,636,663 shares in the last quarter. Bridgewater Associates LP lifted its position in shares of Kosmos Energy by 149.7% during the third quarter. Bridgewater Associates LP now owns 3,280,302 shares of the oil and gas producer’s stock worth $13,220,000 after purchasing an additional 1,966,437 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in 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 in the last quarter. Equinox Partners Investment Management LLC increased its holdings in Kosmos Energy by 29.4% in the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock valued at $33,060,000 after buying an additional 1,863,966 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in Kosmos Energy by 13.5% in the second 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 buying an additional 1,624,495 shares during the last quarter. 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.