Kosmos Energy (NYSE:KOS) Trading 1.9% Higher – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) rose 1.9% on Friday . The stock 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. Mizuho reduced their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Bank of America lowered their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, Benchmark cut their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Kosmos Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.52.

Kosmos Energy Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 0.39 and a beta of 2.41. The stock has a 50 day moving average price of $3.66 and a two-hundred day moving average price of $4.46.

Institutional Trading of Kosmos Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in shares of Kosmos Energy in the 2nd quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Kosmos Energy in the 3rd quarter valued at $28,000. CTC Alternative Strategies Ltd. acquired a new stake in shares of Kosmos Energy during the 3rd quarter worth about $43,000. 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 worth $43,000 after acquiring an additional 10,740 shares during the last quarter. Finally, InTrack Investment Management Inc bought a new stake in Kosmos Energy in the 3rd quarter valued at $44,000. 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.