Kosmos Energy (NYSE:KOS) Sees Unusually-High Trading Volume – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) shares saw an uptick in trading volume on Tuesday . 5,787,702 shares were traded during trading, a decline of 19% from the previous session’s volume of 7,168,749 shares.The stock last traded at $3.06 and had previously closed at $2.71.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KOS. Benchmark lowered their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Sanford C. Bernstein lowered 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 research note on Tuesday, November 5th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a report on Wednesday. Finally, Mizuho dropped their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.52.

Kosmos Energy Price Performance

The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 0.48 and a beta of 2.41. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The stock’s 50 day simple moving average is $3.85 and its two-hundred day simple moving average is $4.59.

Institutional Trading of Kosmos Energy

Institutional investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. boosted its holdings in Kosmos Energy by 7.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock valued at $113,828,000 after purchasing an additional 1,933,216 shares in the last quarter. American Century Companies Inc. boosted its position in Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after buying an additional 3,636,663 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Kosmos Energy by 8.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock worth $85,202,000 after buying an additional 1,588,990 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Kosmos Energy by 13.5% during the second quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock worth $75,460,000 after buying an additional 1,624,495 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Kosmos Energy by 0.7% in the third quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer’s stock valued at $42,650,000 after acquiring an additional 68,339 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.