Kosmos Energy (NYSE:KOS) Reaches New 52-Week High – Still a Buy?
by Scott Moore · The Cerbat GemKosmos Energy Ltd. (NYSE:KOS – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $3.18 and last traded at $3.18, with a volume of 15842838 shares trading hands. The stock had previously closed at $3.08.
Analyst Ratings Changes
Several equities research analysts have recently commented on KOS shares. Sanford C. Bernstein cut their price target on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research note on Monday, January 5th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Wednesday, March 25th. Wall Street Zen cut Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, The Goldman Sachs Group cut Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Kosmos Energy currently has an average rating of “Reduce” and an average price target of $2.22.
Get Our Latest Analysis on Kosmos Energy
Kosmos Energy Price Performance
The company has a 50-day simple moving average of $2.62 and a 200-day simple moving average of $1.75. The stock has a market cap of $1.54 billion, a PE ratio of -2.19, a PEG ratio of 0.46 and a beta of 0.65. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.75 and a quick ratio of 0.45.
Kosmos Energy (NYSE:KOS – Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $294.62 million during the quarter. Kosmos Energy had a negative return on equity of 39.29% and a negative net margin of 54.18%. Sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.24 EPS for the current fiscal year.
Insider Transactions at Kosmos Energy
In other news, Director J Michael Stice purchased 52,631 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average price of $1.90 per share, for a total transaction of $99,998.90. Following the completion of the transaction, the director directly owned 207,620 shares in the company, valued at $394,478. This represents a 33.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, SVP Josh R. Marion sold 19,656 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total value of $26,928.72. Following the completion of the transaction, the senior vice president owned 197,409 shares of the company’s stock, valued at approximately $270,450.33. This represents a 9.06% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have bought 3,684,210 shares of company stock valued at $6,999,999 and have sold 272,844 shares valued at $377,592. 1.99% of the stock is owned by insiders.
Institutional Trading of Kosmos Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. M&G PLC boosted its stake in Kosmos Energy by 38.3% in the 3rd quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock worth $13,244,000 after buying an additional 2,210,302 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Kosmos Energy by 34.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,747,831 shares of the oil and gas producer’s stock worth $4,561,000 after purchasing an additional 698,740 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in Kosmos Energy by 40.5% during the 3rd quarter. Rafferty Asset Management LLC now owns 738,806 shares of the oil and gas producer’s stock worth $1,226,000 after purchasing an additional 212,970 shares during the last quarter. Old Port Advisors purchased a new stake in Kosmos Energy during the 4th quarter worth approximately $27,000. Finally, Banco Santander S.A. increased its holdings in Kosmos Energy by 236.6% during the 3rd quarter. Banco Santander S.A. now owns 161,920 shares of the oil and gas producer’s stock worth $269,000 after purchasing an additional 113,812 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Kosmos Energy Company Profile
Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.
The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.