Kosmos Energy (NYSE:KOS) Trading 1.9% Higher - Here's Why

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) rose 1.9% during trading on Friday . The company traded as high as $3.22 and last traded at $3.19. Approximately 1,095,987 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 7,336,619 shares. The stock had previously closed at $3.13.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KOS. Jefferies Financial Group reaffirmed a "buy" rating and issued a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Bank of America dropped their target price 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. StockNews.com raised shares of Kosmos Energy from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Mizuho lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Finally, Benchmark reduced their target price on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Kosmos Energy has a consensus rating of "Moderate Buy" and an average target price of $5.52.

Kosmos Energy Stock Up 4.2 %

The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The company has a market cap of $1.54 billion, a PE ratio of 7.41, a PEG ratio of 0.39 and a beta of 2.41. The company's fifty day moving average is $3.68 and its 200-day moving average is $4.47.

Institutional Trading of Kosmos Energy

A number of hedge funds have recently bought and sold shares of KOS. Rothschild Investment LLC purchased a new position in shares of Kosmos Energy during the 2nd quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Kosmos Energy in the 3rd quarter worth $28,000. Signaturefd LLC lifted its position in Kosmos Energy by 39,777.8% during the third quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer's stock valued at $43,000 after purchasing an additional 10,740 shares in the last quarter. CTC Alternative Strategies Ltd. purchased a new position in Kosmos Energy during the third quarter valued at $43,000. Finally, InTrack Investment Management Inc bought a new stake in Kosmos Energy during the third quarter valued at about $44,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

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.