Kosmos Energy (NYSE:KOS) Trading 4.6% Higher - Time to Buy?

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) were up 4.6% during trading on Wednesday . The stock traded as high as $2.39 and last traded at $2.38. Approximately 1,769,466 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 7,694,332 shares. The stock had previously closed at $2.27.

Analyst Ratings Changes

KOS has been the subject of a number of recent research reports. Mizuho dropped their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Benchmark lowered shares of Kosmos Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Jefferies Financial Group restated a "buy" rating and set a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. The Goldman Sachs Group lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, StockNews.com downgraded Kosmos Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.27.

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Kosmos Energy Stock Down 4.1 %

The company has a market cap of $1.06 billion, a P/E ratio of 5.03, a PEG ratio of 5.24 and a beta of 2.31. 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 business's 50 day moving average price is $2.81 and its 200-day moving average price is $3.47.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $397.66 million during the quarter, compared to the consensus estimate of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. On average, analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kosmos Energy news, SVP Josh R. Marion sold 16,144 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,369.28. Following the transaction, the senior vice president now owns 172,057 shares of the company's stock, valued at approximately $536,817.84. This represents a 8.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nealesh D. Shah sold 56,987 shares of Kosmos Energy stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $177,799.44. Following the completion of the sale, the chief financial officer now directly owns 1,711,580 shares of the company's stock, valued at $5,340,129.60. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 503,970 shares of company stock worth $1,572,386 in the last 90 days. Corporate insiders own 2.02% of the company's stock.

Institutional Trading of Kosmos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Kosmos Energy during the 3rd quarter worth approximately $28,000. VSM Wealth Advisory LLC bought a new stake in shares of Kosmos Energy during the 4th quarter valued at $34,000. Disciplined Investors L.L.C. acquired a new position in shares of Kosmos Energy in the 4th quarter valued at $36,000. Sapient Capital LLC bought a new position in shares of Kosmos Energy in the 4th quarter worth $37,000. Finally, CTC Alternative Strategies Ltd. acquired a new stake in shares of Kosmos Energy during the third quarter worth $43,000. 95.33% of the stock is owned by institutional investors.

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.