Kosmos Energy (LON:KOS) Shares Up 7.7% – Still a Buy?

Kosmos Energy Ltd. (LON:KOS) rose 7.7% during mid-day trading on Tuesday . The company traded as high as GBX 238 and last traded at GBX 238. 1,584 shares changed hands during trading, a decline of 93% from the average daily volume of 24,070 shares. The stock had previously closed at GBX 221.

Wall Street Analyst Weigh In

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

Kosmos Energy Trading Down 2.6%

The firm has a market capitalization of £1.31 billion, a price-to-earnings ratio of -1.96, a price-to-earnings-growth ratio of 0.10 and a beta of 0.73. The company has a quick ratio of 0.61, a current ratio of 0.59 and a debt-to-equity ratio of 379.09. The firm’s 50 day moving average is GBX 193.42 and its 200 day moving average is GBX 197.01.

Kosmos Energy Company Profile

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.