Kosmos Energy (LON:KOS) Shares Up 15.7% – Time to Buy?

Kosmos Energy Ltd. (LON:KOS) shares rose 15.7% during trading on Thursday . The stock traded as high as GBX 123 and last traded at GBX 118. Approximately 58,257 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 35,057 shares. The stock had previously closed at GBX 102.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KOS. Peel Hunt reaffirmed a “hold” rating and issued a GBX 210 price target on shares of Kosmos Energy in a research report on Monday, January 5th. Jefferies Financial Group decreased their target price on Kosmos Energy from GBX 270 to GBX 220 and set a “buy” rating for the company in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Kosmos Energy currently has an average rating of “Moderate Buy” and a consensus target price of GBX 215.

Kosmos Energy Price Performance

The company has a quick ratio of 0.61, a current ratio of 0.75 and a debt-to-equity ratio of 224.91. The stock’s 50-day moving average price is GBX 82.73 and its 200 day moving average price is GBX 114.17. The firm has a market cap of £569.21 million, a price-to-earnings ratio of -1.70, a price-to-earnings-growth ratio of 0.10 and a beta of 2.43.

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. 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.