Kosmos Energy (NYSE:KOS) Trading Up 7.2% – Should You Buy?

Kosmos Energy Ltd. (NYSE:KOS) shares were up 7.2% during trading on Tuesday . The stock traded as high as $3.37 and last traded at $3.37. Approximately 4,160,632 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 7,400,760 shares. The stock had previously closed at $3.14.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KOS shares. Mizuho decreased 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. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Sanford C. Bernstein decreased their price objective on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, Benchmark cut their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.52.

Kosmos Energy Stock Up 5.3 %

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 company has a market capitalization of $1.56 billion, a P/E ratio of 7.51, a PEG ratio of 4.69 and a beta of 2.41. The company has a 50 day moving average of $3.34 and a 200-day moving average of $3.90.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, CEO Andrew G. Inglis sold 138,689 shares of Kosmos Energy stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $432,709.68. Following the sale, the chief executive officer now directly owns 3,959,000 shares of the company’s stock, valued at approximately $12,352,080. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Ronald W. Glass sold 16,182 shares of Kosmos Energy stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,487.84. Following the sale, the chief accounting officer now directly owns 320,231 shares in the company, valued at approximately $999,120.72. The trade was a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 503,970 shares of company stock valued at $1,572,386. 2.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Kosmos Energy

Several large investors have recently bought and sold shares of KOS. Creative Planning boosted its position in Kosmos Energy by 1,274.2% during the 3rd quarter. Creative Planning now owns 217,556 shares of the oil and gas producer’s stock valued at $877,000 after acquiring an additional 201,725 shares in the last quarter. Raymond James & Associates boosted its position in shares of Kosmos Energy by 250.4% in the 3rd quarter. Raymond James & Associates now owns 923,914 shares of the oil and gas producer’s stock worth $3,723,000 after purchasing an additional 660,261 shares in the last quarter. Signaturefd LLC boosted its position in shares of Kosmos Energy by 39,777.8% in the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 10,740 shares in the last quarter. Graham Capital Wealth Management LLC bought a new stake in shares of Kosmos Energy in the 3rd quarter worth approximately $2,443,000. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Kosmos Energy by 81.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,291,464 shares of the oil and gas producer’s stock worth $5,205,000 after purchasing an additional 579,859 shares in the last quarter. 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.