Kosmos Energy (NYSE:KOS) Hits New 12-Month High – Should You Buy?

Kosmos Energy Ltd. (NYSE:KOS)’s stock price reached a new 52-week high on Friday . The stock traded as high as $3.18 and last traded at $3.18, with a volume of 15842838 shares traded. The stock had previously closed at $3.08.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KOS shares. The Goldman Sachs Group downgraded Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price for the company. in a research report on Thursday, April 9th. Sanford C. Bernstein decreased their target price on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research report on Monday, January 5th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Wednesday, March 25th. Finally, Wall Street Zen lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $2.22.

Kosmos Energy Stock Performance

The stock has a market cap of $1.54 billion, a PE ratio of -2.19, a price-to-earnings-growth ratio of 0.48 and a beta of 0.72. The company has a quick ratio of 0.45, a current ratio of 0.75 and a debt-to-equity ratio of 5.53. The firm has a 50 day moving average price of $2.62 and a 200 day moving average price of $1.75.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Saturday, February 14th. The oil and gas producer reported ($0.16) EPS for the quarter. The firm had revenue of $294.62 million for the quarter. Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. As a group, research analysts forecast that Kosmos Energy Ltd. will post 0.24 earnings per share for the current year.

Insider Activity

In related news, CEO Andrew G. Inglis bought 315,790 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of $1.90 per share, for a total transaction of $600,001.00. Following the completion of the purchase, the chief executive officer directly owned 4,542,807 shares of the company’s stock, valued at approximately $8,631,333.30. This trade represents a 7.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Josh R. Marion sold 19,656 shares of Kosmos Energy stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total value of $26,928.72. Following the completion of the transaction, the senior vice president owned 197,409 shares in the company, valued at $270,450.33. This trade represents a 9.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have bought 3,684,210 shares of company stock valued at $6,999,999 and have sold 272,844 shares valued at $377,592. Corporate insiders own 1.99% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new position in Kosmos Energy in the first quarter valued at about $131,000. Kestra Advisory Services LLC purchased a new position in Kosmos Energy in the first quarter valued at about $31,000. Abel Hall LLC purchased a new position in Kosmos Energy in the first quarter valued at about $36,000. Counterpoint Mutual Funds LLC purchased a new position in Kosmos Energy in the first quarter valued at about $533,000. Finally, Baer Investment Advisory LLC purchased a new position in Kosmos Energy in the first quarter valued at about $53,000. 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.