Kosmos Energy (NYSE:KOS) Reaches New 12-Month Low - Here's What Happened

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.41 and last traded at $3.41, with a volume of 769821 shares trading hands. The stock had previously closed at $3.54.

Wall Street Analysts Forecast Growth

Several research firms have commented on KOS. Sanford C. Bernstein decreased their price target 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. Bank of America decreased their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a "buy" rating on the stock in a research note on Wednesday, September 25th. Mizuho began coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They set a "neutral" rating and a $5.00 price target on the stock. StockNews.com raised shares of Kosmos Energy from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Benchmark decreased their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Kosmos Energy currently has an average rating of "Hold" and a consensus target price of $5.75.

Kosmos Energy Trading Down 2.3 %

The company has a market cap of $1.63 billion, a P/E ratio of 7.88, a PEG ratio of 0.47 and a beta of 2.41. The stock's 50 day moving average is $3.99 and its 200-day moving average is $4.73. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25.

Hedge Funds Weigh In On Kosmos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of KOS. American Century Companies Inc. lifted its stake in Kosmos Energy by 17.2% during the 2nd 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 acquiring an additional 3,636,663 shares during the period. Bridgewater Associates LP lifted its stake in Kosmos Energy by 149.7% during the 3rd quarter. Bridgewater Associates LP now owns 3,280,302 shares of the oil and gas producer's stock valued at $13,220,000 after acquiring an additional 1,966,437 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in Kosmos Energy by 7.3% during the 3rd 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 acquiring an additional 1,933,216 shares during the period. Equinox Partners Investment Management LLC lifted its stake in Kosmos Energy by 29.4% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer's stock valued at $33,060,000 after acquiring an additional 1,863,966 shares during the period. Finally, William Blair Investment Management LLC lifted its stake in Kosmos Energy by 13.5% during the 2nd quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer's stock valued at $75,460,000 after acquiring an additional 1,624,495 shares during the period. Institutional investors own 95.33% 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.