Kosmos Energy (NYSE:KOS) Shares Up 7.6% – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS)’s stock price rose 7.6% during trading on Wednesday . The company traded as high as $1.52 and last traded at $1.4850. Approximately 6,754,488 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 20,010,615 shares. The stock had previously closed at $1.38.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KOS. Sanford C. Bernstein decreased their price objective on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a report on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Mizuho lowered their price target on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Friday, December 12th. The Goldman Sachs Group lifted their price objective on Kosmos Energy from $1.75 to $2.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Johnson Rice downgraded Kosmos Energy from a “buy” rating to an “accumulate” rating and decreased their target price for the company from $4.50 to $3.50 in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kosmos Energy has a consensus rating of “Hold” and a consensus target price of $2.08.

Kosmos Energy Trading Down 6.2%

The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04. The firm has a market capitalization of $758.15 million, a price-to-earnings ratio of -2.33 and a beta of 0.89. The business has a 50-day moving average of $1.09 and a two-hundred day moving average of $1.50.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The firm had revenue of $310.96 million during the quarter, compared to the consensus estimate of $360.82 million. Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%. Research analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in KOS. AQR Capital Management LLC increased its stake in Kosmos Energy by 56.7% in the first quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock valued at $884,000 after acquiring an additional 140,261 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kosmos Energy by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 12,045 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kosmos Energy by 21.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock valued at $5,793,000 after purchasing an additional 443,384 shares during the period. Strs Ohio acquired a new position in shares of Kosmos Energy in the 1st quarter worth approximately $120,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Kosmos Energy during the 2nd quarter worth approximately $41,000. 95.33% of the stock is owned by institutional investors.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.