Kosmos Energy (NYSE:KOS) Trading 6.9% Higher – Still a Buy?

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

Wall Street Analysts Forecast Growth

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

Kosmos Energy Trading Down 5.4 %

The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The business has a 50-day moving average price of $4.06 and a two-hundred day moving average price of $4.95. The firm has a market cap of $1.84 billion, a PE ratio of 8.84, a PEG ratio of 0.27 and a beta of 2.42.

Hedge Funds Weigh In On Kosmos Energy

Several hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC purchased a new stake in Kosmos Energy during the 2nd quarter worth about $26,000. CWM LLC lifted its stake in shares of Kosmos Energy by 82.2% during the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 2,969 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Kosmos Energy during the third quarter worth approximately $28,000. Covestor Ltd grew its stake in 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 acquiring an additional 8,133 shares during the period. Finally, CTC Alternative Strategies Ltd. acquired a new position in Kosmos Energy in the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.