Kosmos Energy (KOS) Trading 10.8% Higher

Shares of Kosmos Energy Ltd (NYSE:KOS) traded up 10.8% during trading on Thursday . The stock traded as high as $5.90 and last traded at $5.84. 3,475,927 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 3,548,766 shares. The stock had previously closed at $5.27.

Several analysts recently commented on the company. ValuEngine raised Kosmos Energy from a “hold” rating to a “buy” rating in a report on Friday, August 24th. Zacks Investment Research lowered Kosmos Energy from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Goldman Sachs Group assumed coverage on Kosmos Energy in a report on Tuesday, October 2nd. They issued a “neutral” rating for the company. Barclays set a $11.00 price objective on Kosmos Energy and gave the stock a “buy” rating in a report on Wednesday, August 29th. Finally, Raymond James lowered Kosmos Energy from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $10.02.

The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -17.21 and a beta of 1.92. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.02 and a quick ratio of 0.88.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, November 5th. The oil and gas producer reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.09). The company had revenue of $250.20 million for the quarter, compared to analysts’ expectations of $239.20 million. Kosmos Energy had a negative net margin of 51.49% and a negative return on equity of 21.93%. Kosmos Energy’s revenue for the quarter was up 65.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) earnings per share. On average, analysts expect that Kosmos Energy Ltd will post -0.39 EPS for the current fiscal year.

In related news, Director David Benjamin Krieger sold 5,684,429 shares of Kosmos Energy stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $8.94, for a total transaction of $50,818,795.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of Kosmos Energy stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total value of $29,462,404.74. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. State of Alaska Department of Revenue lifted its position in Kosmos Energy by 70.8% during the second quarter. State of Alaska Department of Revenue now owns 30,992 shares of the oil and gas producer’s stock valued at $256,000 after purchasing an additional 12,842 shares in the last quarter. Unigestion Holding SA purchased a new position in Kosmos Energy during the second quarter valued at $496,000. BNP Paribas Arbitrage SA lifted its position in Kosmos Energy by 98.7% during the second quarter. BNP Paribas Arbitrage SA now owns 103,898 shares of the oil and gas producer’s stock valued at $859,000 after purchasing an additional 51,620 shares in the last quarter. Eqis Capital Management Inc. lifted its position in Kosmos Energy by 133.9% during the second quarter. Eqis Capital Management Inc. now owns 256,014 shares of the oil and gas producer’s stock valued at $2,117,000 after purchasing an additional 146,540 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Kosmos Energy by 53.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 16,722,490 shares of the oil and gas producer’s stock valued at $138,295,000 after purchasing an additional 5,798,740 shares in the last quarter. Institutional investors own 91.73% of the company’s stock.

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Kosmos Energy Company Profile (NYSE:KOS)

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

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