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

Kosmos Energy Ltd. (NYSE:KOS) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 21,631 put options on the company. This represents an increase of 942% compared to the typical volume of 2,075 put options.

Kosmos Energy Stock Down 5.3 %

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

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

Hedge Funds Weigh In On Kosmos Energy

Hedge funds have recently modified their holdings of the company. Rothschild Investment LLC bought a new position in shares of Kosmos Energy during the 2nd quarter worth approximately $26,000. CWM LLC raised 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 worth $36,000 after purchasing an additional 2,969 shares during the period. TFO Wealth Partners LLC raised its holdings in shares of Kosmos Energy by 7,051.9% in the 4th quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 5,712 shares during the period. Covestor Ltd raised its holdings in shares of Kosmos Energy by 35,360.9% in the 1st quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 8,133 shares during the period. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Kosmos Energy in the 1st quarter worth approximately $60,000. Institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KOS. Benchmark restated a “buy” rating and issued a $8.00 target price on shares of Kosmos Energy in a research note on Tuesday, August 6th. Sanford C. Bernstein reduced their target price on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Kosmos Energy has a consensus rating of “Moderate Buy” and an average price target of $8.56.

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.