Kosmos Energy (NYSE:KOS) Trading 5.2% Higher

Kosmos Energy Ltd. (NYSE:KOS) traded up 5.2% on Thursday . The stock traded as high as $4.50 and last traded at $4.49. 3,427,115 shares were traded during trading, a decline of 49% from the average session volume of 6,683,596 shares. The stock had previously closed at $4.27.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America lowered their price target on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Benchmark reissued a “buy” rating and set a $8.00 price target on shares of Kosmos Energy in a report on Tuesday, August 6th. Mizuho assumed coverage on Kosmos Energy in a report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target on the stock. Finally, Sanford C. Bernstein lowered their price target on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.47.

Kosmos Energy Trading Up 5.6 %

The stock has a market cap of $2.13 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.33 and a beta of 2.42. The stock has a 50-day moving average price of $4.60 and a two-hundred day moving average price of $5.37. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The firm had revenue of $450.94 million for the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. Sell-side analysts forecast that Kosmos Energy Ltd. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC grew its position in shares of Kosmos Energy by 3.0% during the second quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock valued at $399,000 after purchasing an additional 2,055 shares in the last quarter. Woodmont Investment Counsel LLC lifted its holdings in shares of Kosmos Energy by 1.3% in the 1st quarter. Woodmont Investment Counsel LLC now owns 218,818 shares of the oil and gas producer’s stock valued at $1,304,000 after acquiring an additional 2,888 shares during the last quarter. CWM LLC lifted its holdings in shares of Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 2,969 shares during the last quarter. Comerica Bank lifted its holdings in shares of Kosmos Energy by 27.1% in the 1st quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock valued at $118,000 after acquiring an additional 4,213 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Kosmos Energy by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,462,835 shares of the oil and gas producer’s stock valued at $8,104,000 after acquiring an additional 4,395 shares during the last quarter. Hedge funds and other 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.