Kosmos Energy (NYSE:KOS) Shares Gap Up – Should You Buy?
by Sarita Garza · The Markets DailyKosmos Energy Ltd. (NYSE:KOS – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $1.30, but opened at $1.35. Kosmos Energy shares last traded at $1.2750, with a volume of 1,425,996 shares trading hands.
Wall Street Analysts Forecast Growth
KOS has been the topic of several recent analyst reports. Johnson Rice lowered shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and lowered their target price for the stock from $4.50 to $3.50 in a research report on Friday, December 5th. Clarkson Capital started coverage on Kosmos Energy in a research note on Friday, October 24th. They set a “buy” rating and a $4.00 price target on the stock. Bank of America restated an “underperform” rating and issued a $1.00 price target (down previously from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Finally, Sanford C. Bernstein decreased their target price on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research report on Monday, January 5th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of “Hold” and a consensus price target of $2.08.
Check Out Our Latest Stock Report on KOS
Kosmos Energy Stock Performance
The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04. The stock has a fifty day moving average price of $1.08 and a two-hundred day moving average price of $1.52. The company has a market capitalization of $614.65 million, a price-to-earnings ratio of -1.87 and a beta of 0.89.
Kosmos Energy (NYSE:KOS – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The company had revenue of $310.96 million for the quarter, compared to analysts’ expectations of $360.82 million. Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%. As a group, analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.
Hedge Funds Weigh In On Kosmos Energy
Institutional investors and hedge funds have recently modified their holdings of the company. Equinox Partners Investment Management LLC lifted its stake in shares of Kosmos Energy by 41.6% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock worth $32,115,000 after purchasing an additional 5,485,000 shares during the period. American Century Companies Inc. increased its stake in Kosmos Energy by 14.3% in the second quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock valued at $57,467,000 after purchasing an additional 4,175,537 shares during the last quarter. Squarepoint Ops LLC lifted its position in Kosmos Energy by 333.0% during the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after buying an additional 2,477,102 shares during the period. M&G PLC lifted its position in Kosmos Energy by 38.3% during the third 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 period. Finally, Patient Capital Management LLC boosted its stake in Kosmos Energy by 7.4% in the 2nd quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock worth $33,264,000 after buying an additional 1,334,930 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.