Kosmos Energy Ltd. (NYSE:KOS – Get Rating)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $6.80, but opened at $6.34. Kosmos Energy shares last traded at $6.25, with a volume of 92,577 shares traded.
A number of research analysts have issued reports on KOS shares. Barclays upped their price objective on Kosmos Energy from $6.50 to $11.00 and gave the company an “overweight” rating in a research note on Wednesday, April 6th. The Goldman Sachs Group upped their price objective on Kosmos Energy from $8.00 to $9.50 and gave the company a “buy” rating in a research note on Tuesday, April 5th. Berenberg Bank downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. TheStreet raised Kosmos Energy from a “d+” rating to a “c” rating in a research report on Monday, February 28th. Finally, StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Kosmos Energy has an average rating of “Moderate Buy” and an average target price of $10.25.
The business has a fifty day moving average of $7.21 and a 200-day moving average of $5.81. The firm has a market cap of $2.75 billion, a PE ratio of 603.00 and a beta of 3.05. The company has a current ratio of 0.85, a quick ratio of 0.69 and a debt-to-equity ratio of 4.45.
Kosmos Energy (NYSE:KOS – Get Rating) last released its quarterly earnings results on Monday, May 9th. The oil and gas producer reported $0.30 earnings per share for the quarter. Kosmos Energy had a return on equity of 36.26% and a net margin of 0.79%. The firm had revenue of $659.07 million for the quarter. During the same period in the previous year, the business earned ($0.08) EPS. On average, equities analysts forecast that Kosmos Energy Ltd. will post 0.9 EPS for the current year.
In other news, Director Roy A. Franklin sold 20,732 shares of the stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $7.10, for a total transaction of $147,197.20. Following the transaction, the director now directly owns 52,009 shares in the company, valued at approximately $369,263.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.77% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in shares of Kosmos Energy by 143.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 2,110 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Kosmos Energy by 50.1% in the 1st quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 1,467 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Kosmos Energy in the 1st quarter worth approximately $41,000. Lazard Asset Management LLC bought a new stake in shares of Kosmos Energy in the 1st quarter worth approximately $45,000. Finally, Cumberland Partners Ltd bought a new stake in shares of Kosmos Energy in the 1st quarter worth approximately $79,000. Institutional investors and hedge funds own 82.44% of the company’s stock.
About Kosmos Energy (NYSE:KOS)
Kosmos Energy Ltd., a deep-water independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company’s primary assets include production offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal.
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