Kosmos Energy (NYSE:KOS) Shares Up 6.9% – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) shares traded up 6.9% on Thursday . The stock traded as high as $4.20 and last traded at $4.16. 5,729,767 shares were traded during trading, a decline of 17% from the average session volume of 6,935,418 shares. The stock had previously closed at $3.89.

Wall Street Analysts Forecast Growth

KOS has been the subject of several research reports. Bank of America dropped their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Benchmark cut their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. 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. Mizuho initiated coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 target price for the company. Finally, StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.60.

Kosmos Energy Trading Up 5.7 %

The company’s 50 day moving average price is $4.07 and its two-hundred day moving average price is $4.97. The firm has a market cap of $1.94 billion, a PE ratio of 9.45, a P/E/G ratio of 0.26 and a beta of 2.42. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Rothschild Investment LLC purchased a new position in shares of Kosmos Energy during the second quarter worth approximately $26,000. CWM LLC grew its position in shares of Kosmos Energy by 82.2% during the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 2,969 shares in the last quarter. Signaturefd LLC increased its stake in shares of 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 buying an additional 10,740 shares during the period. InTrack Investment Management Inc purchased a new position in shares of Kosmos Energy during the third quarter valued at $44,000. Finally, Covestor Ltd lifted its stake in Kosmos Energy by 35,360.9% in the first quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 8,133 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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.