Kosmos Energy (NYSE:KOS) Trading Up 4.6% – Still a Buy?

Kosmos Energy Ltd. (NYSE:KOS) shares were up 4.6% during mid-day trading on Wednesday . The stock traded as high as $2.39 and last traded at $2.38. Approximately 1,769,466 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 7,694,332 shares. The stock had previously closed at $2.27.

Analyst Ratings Changes

A number of equities analysts have commented on KOS shares. Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Jefferies Financial Group restated a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a research note on Wednesday, December 18th. Finally, Mizuho reduced their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.52.

Kosmos Energy Trading Up 3.7 %

The company’s fifty day moving average price is $2.89 and its 200-day moving average price is $3.50. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 5.33, a P/E/G ratio of 5.24 and a beta of 2.31. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $397.66 million for the quarter, compared to analyst estimates of $387.60 million. On average, research analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Ronald W. Glass sold 10,354 shares of the company’s stock in a transaction that occurred on 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 owns 299,498 shares in the company, valued at $934,433.76. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 172,057 shares in the company, valued at approximately $536,817.84. This trade represents a 8.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock worth $1,572,386 in the last 90 days. Insiders own 2.02% of the company’s stock.

Institutional Trading of Kosmos Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp raised its holdings in shares of Kosmos Energy by 215.1% during the fourth quarter. Mackenzie Financial Corp now owns 451,780 shares of the oil and gas producer’s stock worth $1,545,000 after purchasing an additional 308,409 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Kosmos Energy during the 4th quarter worth about $490,000. GTS Securities LLC raised its stake in shares of Kosmos Energy by 548.4% during the 4th quarter. GTS Securities LLC now owns 151,432 shares of the oil and gas producer’s stock valued at $518,000 after buying an additional 128,076 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kosmos Energy by 23.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,097,622 shares of the oil and gas producer’s stock valued at $7,174,000 after buying an additional 395,283 shares during the period. Finally, Wexford Capital LP purchased a new stake in shares of Kosmos Energy in the fourth quarter worth about $109,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.