Kosmos Energy (LON:KOS) Hits New 1-Year High – Still a Buy?

Kosmos Energy Ltd. (LON:KOS)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 208 and last traded at GBX 208, with a volume of 14605 shares traded. The stock had previously closed at GBX 195.50.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated a “hold” rating and issued a GBX 210 price objective on shares of Kosmos Energy in a research report on Monday, January 5th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 215.

Kosmos Energy Stock Performance

The business’s fifty day simple moving average is GBX 128.91 and its 200-day simple moving average is GBX 114.13. The firm has a market cap of £994.92 million, a P/E ratio of -2.97, a price-to-earnings-growth ratio of 0.10 and a beta of 0.78. The company has a current ratio of 0.75, a quick ratio of 0.61 and a debt-to-equity ratio of 577.53.

Insider Buying and Selling at Kosmos Energy

In related news, insider Andrew G. Inglis sold 44,628 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of GBX 142, for a total value of £63,371.76. Insiders have sold 564,381 shares of company stock worth $83,912,736 in the last ninety days. Corporate insiders own 8.38% 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. 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.