Kosmos Energy (LON:KOS) Stock Price Up 11% – Time to Buy?

Shares of Kosmos Energy Ltd. (LON:KOS) rose 11% on Wednesday. The stock traded as high as GBX 202 and last traded at GBX 202. 1 shares traded hands during trading, a decline of 100% from the average session volume of 22,646 shares. The stock had previously closed at GBX 182.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 210 price target on shares of Kosmos Energy in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 210.

Kosmos Energy Stock Performance

The company has a market capitalization of £1.20 billion, a price-to-earnings ratio of -1.80, a P/E/G ratio of 0.10 and a beta of 0.73. The stock has a 50 day simple moving average of GBX 198.53 and a 200 day simple moving average of GBX 198.64. The company has a quick ratio of 0.61, a current ratio of 0.59 and a debt-to-equity ratio of 379.09.

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. It undertakes a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos Energy Ltd. was founded in 2003 and is headquartered in Dallas, Texas.