Kosmos Energy (NYSE:KOS) Trading 6.9% Higher – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) shares traded up 6.9% during trading on Thursday . The stock traded as high as $4.20 and last traded at $4.16. 5,729,767 shares changed hands during trading, a decline of 17% from the average session volume of 6,935,418 shares. The stock had previously closed at $3.89.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KOS. Mizuho assumed coverage on Kosmos Energy in a research report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target on the stock. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Wednesday. Benchmark decreased their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Sanford C. Bernstein dropped their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 5th. Finally, Bank of America decreased their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.60.

Kosmos Energy Price Performance

The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 0.27 and a beta of 2.42. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The stock has a fifty day moving average of $4.06 and a 200-day moving average of $4.95.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC boosted its position in shares of Kosmos Energy by 3.0% in the 2nd quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock valued at $399,000 after purchasing an additional 2,055 shares during the period. Fruth Investment Management grew its position in shares of Kosmos Energy by 10.2% during the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock worth $108,000 after acquiring an additional 2,500 shares during the last quarter. CWM LLC increased its holdings in shares of Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 2,969 shares during the period. nVerses Capital LLC raised its position in Kosmos Energy by 13.6% in the 3rd quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock valued at $125,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Comerica Bank raised its position in Kosmos Energy by 27.1% in the 1st quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock valued at $118,000 after purchasing an additional 4,213 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.