Kosmos Energy (NYSE:KOS) Sees Unusually-High Trading Volume

Kosmos Energy Ltd. (NYSE:KOSGet Free Report) saw an uptick in trading volume on Wednesday . 20,364,311 shares changed hands during trading, an increase of 213% from the previous session’s volume of 6,514,956 shares.The stock last traded at $5.59 and had previously closed at $5.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KOS. StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 29th. Stifel Nicolaus assumed coverage on Kosmos Energy in a report on Monday, November 20th. They set a “buy” rating and a $10.00 price objective for the company. Finally, TheStreet downgraded Kosmos Energy from a “b” rating to a “c+” rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Kosmos Energy has an average rating of “Moderate Buy” and an average target price of $9.53.

Read Our Latest Research Report on Kosmos Energy

Kosmos Energy Stock Down 2.1 %

The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 2.32. The company has a 50-day simple moving average of $6.12 and a two-hundred day simple moving average of $6.77. The stock has a market cap of $2.58 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.75 and a beta of 2.38.

Kosmos Energy (NYSE:KOSGet Free Report) last announced its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.08. The firm had revenue of $507.81 million during the quarter. Kosmos Energy had a return on equity of 39.94% and a net margin of 12.55%. During the same quarter in the previous year, the firm posted $0.23 EPS. On average, equities analysts forecast that Kosmos Energy Ltd. will post 0.69 EPS for the current year.

Insider Activity at Kosmos Energy

In related news, CEO Andrew G. Inglis sold 166,524 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $1,004,139.72. Following the completion of the transaction, the chief executive officer now owns 3,909,135 shares in the company, valued at $23,572,084.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Kosmos Energy news, SVP Jason Doughty sold 66,616 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $401,694.48. Following the completion of the transaction, the senior vice president now owns 1,458,018 shares of the company’s stock, valued at $8,791,848.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew G. Inglis sold 166,524 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $6.03, for a total value of $1,004,139.72. Following the transaction, the chief executive officer now directly owns 3,909,135 shares of the company’s stock, valued at approximately $23,572,084.05. The disclosure for this sale can be found here. Insiders sold a total of 335,337 shares of company stock worth $2,022,082 over the last quarter. 1.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOS. PNC Financial Services Group Inc. increased its holdings in shares of Kosmos Energy by 143.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 2,110 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Kosmos Energy during the fourth quarter valued at $27,000. Captrust Financial Advisors increased its holdings in shares of Kosmos Energy by 50.1% during the first quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 1,467 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in shares of Kosmos Energy by 7,051.9% during the fourth quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 5,712 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Kosmos Energy during the first quarter valued at $45,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Kosmos Energy Company Profile

(Get Free Report)

Kosmos Energy Ltd. engages in the exploration and production of oil and gas properties 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 a gas projects located in offshore Mauritania and Senegal.

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