Kosmos Energy (NYSE:KOS) Trading Up 6.8% – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) was up 6.8% on Monday . The stock traded as high as $3.21 and last traded at $3.22. Approximately 2,224,896 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 7,192,728 shares. The stock had previously closed at $3.01.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KOS shares. Mizuho decreased their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Sanford C. Bernstein cut their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, Benchmark cut their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.52.

Kosmos Energy Stock Performance

The firm has a market capitalization of $1.48 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 4.69 and a beta of 2.41. The firm has a 50-day moving average price of $3.39 and a 200 day moving average price of $3.98. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, SVP Josh R. Marion sold 16,144 shares of Kosmos Energy stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the sale, the senior vice president now directly owns 172,057 shares of the company’s stock, valued at $536,817.84. The trade was a 8.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Ronald W. Glass sold 10,354 shares of Kosmos Energy stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $32,304.48. Following the sale, the chief accounting officer now directly owns 299,498 shares of the company’s stock, valued at $934,433.76. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 503,970 shares of company stock worth $1,572,386. Company insiders own 2.02% of the company’s stock.

Institutional Trading of Kosmos Energy

A number of institutional investors have recently bought and sold shares of KOS. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Kosmos Energy during the third quarter worth about $28,000. VSM Wealth Advisory LLC acquired a new stake in shares of Kosmos Energy during the fourth quarter worth about $34,000. Sapient Capital LLC acquired a new stake in shares of Kosmos Energy during the fourth quarter worth about $37,000. Signaturefd LLC increased its position 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 worth $43,000 after purchasing an additional 10,740 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. acquired a new stake in shares of Kosmos Energy during the third quarter worth about $43,000. 95.33% of the stock is 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.