Kosmos Energy (NYSE:KOS) Trading 8.8% Higher - Time to Buy?

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) shot up 8.8% on Thursday . The company traded as high as $3.83 and last traded at $3.72. 3,159,174 shares were traded during trading, a decline of 57% from the average session volume of 7,379,337 shares. The stock had previously closed at $3.42.

Analysts Set New Price Targets

Several analysts have weighed in on KOS shares. StockNews.com raised Kosmos Energy from a "sell" rating to a "hold" rating in a report on Friday, December 6th. Sanford C. Bernstein lowered their target price on Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating for the company in a research note on Tuesday, November 5th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. Bank of America lowered their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Finally, Mizuho cut their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Kosmos Energy has an average rating of "Moderate Buy" and an average price target of $5.52.

Kosmos Energy Trading Up 8.8 %

The company has a market cap of $1.76 billion, a P/E ratio of 8.45, a PEG ratio of 0.39 and a beta of 2.41. The business has a 50 day moving average price of $3.62 and a 200-day moving average price of $4.41. 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

A number of hedge funds and other institutional investors have recently bought and sold shares of KOS. Raymond James & Associates bought a new position in shares of Kosmos Energy during the second quarter worth approximately $1,461,000. Bank of New York Mellon Corp boosted its position in shares of Kosmos Energy by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,430,043 shares of the oil and gas producer's stock worth $13,462,000 after acquiring an additional 237,488 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kosmos Energy by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,360 shares of the oil and gas producer's stock valued at $650,000 after acquiring an additional 11,658 shares during the last quarter. Rothschild Investment LLC acquired a new position in Kosmos Energy during the second quarter valued at approximately $26,000. Finally, Commonwealth Equity Services LLC lifted its stake in Kosmos Energy by 52.0% during the second quarter. Commonwealth Equity Services LLC now owns 162,650 shares of the oil and gas producer's stock worth $901,000 after purchasing an additional 55,664 shares during the last quarter. 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.