Kosmos Energy (LON:KOS) Trading Up 20.1% – Here’s Why

Kosmos Energy Ltd. (LON:KOS)’s stock price shot up 20.1% during mid-day trading on Tuesday . The stock traded as high as GBX 91 and last traded at GBX 91. 66,669 shares traded hands during trading, an increase of 102% from the average session volume of 32,959 shares. The stock had previously closed at GBX 75.75.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KOS. Peel Hunt restated a “hold” rating and issued a GBX 210 target price on shares of Kosmos Energy in a report on Monday, January 5th. Jefferies Financial Group dropped their price target on Kosmos Energy from GBX 270 to GBX 220 and set a “buy” rating on the stock in a research report on Monday, October 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 215.

Kosmos Energy Stock Up 29.4%

The business’s 50 day simple moving average is GBX 86.52 and its 200-day simple moving average is GBX 118.28. The company has a debt-to-equity ratio of 224.91, a quick ratio of 0.61 and a current ratio of 0.75. The company has a market cap of £468.76 million, a price-to-earnings ratio of -1.40, a price-to-earnings-growth ratio of 0.10 and a beta of 2.43.

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. It undertakes a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos Energy Ltd. was founded in 2003 and is headquartered in Dallas, Texas.