Traders Buy Large Volume of Kosmos Energy Put Options (NYSE:KOS)

Kosmos Energy Ltd. (NYSE:KOS) saw unusually large options trading on Tuesday. Stock traders purchased 21,631 put options on the stock. This represents an increase of approximately 942% compared to the average daily volume of 2,075 put options.

Kosmos Energy Price Performance

Shares of NYSE KOS traded down $0.21 during trading on Tuesday, reaching $3.79. The company had a trading volume of 4,942,927 shares, compared to its average volume of 6,559,418. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.50 and a current ratio of 0.73. The stock has a market cap of $1.79 billion, a PE ratio of 8.71, a PEG ratio of 0.57 and a beta of 2.42. The business’s 50 day moving average price is $5.12 and its 200-day moving average price is $5.57. Kosmos Energy has a 52 week low of $3.78 and a 52 week high of $8.28.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). The firm had revenue of $450.94 million during the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. Analysts expect that Kosmos Energy will post 0.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on KOS. Benchmark reiterated a “buy” rating and issued a $8.00 price objective on shares of Kosmos Energy in a research report on Tuesday, August 6th. Sanford C. Bernstein lowered their price target on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.56.

Hedge Funds Weigh In On Kosmos Energy

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC lifted its stake in Kosmos Energy by 3.0% during the second quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock worth $399,000 after purchasing an additional 2,055 shares during the last quarter. Woodmont Investment Counsel LLC raised its position in Kosmos Energy by 1.3% during the 1st quarter. Woodmont Investment Counsel LLC now owns 218,818 shares of the oil and gas producer’s stock worth $1,304,000 after purchasing an additional 2,888 shares during the last quarter. CWM LLC grew its holdings in Kosmos Energy by 82.2% during the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 2,969 shares during the period. Comerica Bank grew its holdings in Kosmos Energy by 27.1% during the 1st quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock worth $118,000 after acquiring an additional 4,213 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Kosmos Energy by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,462,835 shares of the oil and gas producer’s stock worth $8,104,000 after acquiring an additional 4,395 shares during the period. 95.33% of the stock is owned by institutional investors.

Kosmos Energy Company Profile

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.