Kosmos Energy (NYSE:KOS) Stock Price Up 8.8% – Still a Buy?

Shares of Kosmos Energy Ltd. (NYSE:KOS) shot up 8.8% during trading on Thursday . The stock traded as high as $3.83 and last traded at $3.72. 3,159,174 shares were traded during trading, a decline of 57% from the average session volume of 7,379,337 shares. The stock had previously closed at $3.42.

Analysts Set New Price Targets

A number of equities analysts have commented on KOS shares. Bank of America dropped 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 note on Wednesday, September 25th. Sanford C. Bernstein reduced their price objective on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 5th. Jefferies Financial Group restated a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a research report on Wednesday, December 18th. Benchmark dropped their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kosmos Energy currently has a consensus rating of “Moderate Buy” and an average price target of $5.52.

Kosmos Energy Stock Performance

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 business has a 50 day moving average price of $3.61 and a 200 day moving average price of $4.39. The stock has a market cap of $1.82 billion, a P/E ratio of 8.75, a PEG ratio of 0.39 and a beta of 2.43.

Institutional Trading of Kosmos Energy

A number of large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kosmos Energy by 11.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,702,339 shares of the oil and gas producer’s stock valued at $6,860,000 after purchasing an additional 172,966 shares during the period. Graham Capital Wealth Management LLC purchased a new stake in shares of Kosmos Energy in the 3rd quarter worth $2,443,000. Woodmont Investment Counsel LLC lifted its holdings in shares of Kosmos Energy by 137.1% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 490,427 shares of the oil and gas producer’s stock worth $1,976,000 after buying an additional 283,624 shares during the period. Barclays PLC grew its position in shares of Kosmos Energy by 46.5% during the 3rd quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock worth $12,221,000 after buying an additional 962,057 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Kosmos Energy by 34.9% during the second quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock valued at $12,976,000 after buying an additional 606,195 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.