Kosmos Energy (NYSE:KOS) Sets New 12-Month Low – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS) shares reached a new 52-week low during trading on Friday . The company 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.

Analyst Upgrades and Downgrades

KOS has been the subject of a number of recent analyst reports. Sanford C. Bernstein cut 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 report on Tuesday, November 5th. Bank of America cut their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Benchmark dropped their price objective on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho initiated coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target on the stock. Finally, StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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 50 day moving average of $3.99 and a 200 day moving average of $4.72. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.47 and a beta of 2.41.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors have recently bought and sold shares of KOS. Comerica Bank raised its position in Kosmos Energy by 27.1% in the first quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock valued at $118,000 after purchasing an additional 4,213 shares during the period. CWM LLC raised its stake in shares of Kosmos Energy by 82.2% in the second 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 in the last quarter. SG Americas Securities LLC boosted its holdings in Kosmos Energy by 46.2% in the second quarter. SG Americas Securities LLC now owns 59,416 shares of the oil and gas producer’s stock valued at $329,000 after purchasing an additional 18,768 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Kosmos Energy during the 2nd quarter worth $61,000. Finally, M&G Plc raised its position in Kosmos Energy by 42.2% in the 2nd quarter. M&G Plc now owns 4,928,221 shares of the oil and gas producer’s stock valued at $29,569,000 after purchasing an additional 1,461,552 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other 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.