Kosmos Energy (NYSE:KOS) Shares Gap Up – Still a Buy?

Kosmos Energy Ltd. (NYSE:KOS)’s share price gapped up before the market opened on Friday . The stock had previously closed at $3.15, but opened at $3.26. Kosmos Energy shares last traded at $3.20, with a volume of 1,442,957 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on the company. Bank of America cut their target price on 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 lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Mizuho initiated coverage on Kosmos Energy in a research report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price objective for the company. Benchmark lowered their price objective on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.75.

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 company has a market cap of $1.51 billion, a P/E ratio of 7.13, a P/E/G ratio of 0.48 and a beta of 2.41. The business has a fifty day moving average of $3.94 and a 200 day moving average of $4.67.

Hedge Funds Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rothschild Investment LLC bought a new position in shares of Kosmos Energy during the second quarter valued at approximately $26,000. CWM LLC raised its holdings in Kosmos Energy by 82.2% in the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 2,969 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Kosmos Energy in the third quarter worth $28,000. CTC Alternative Strategies Ltd. bought a new position in Kosmos Energy in the third quarter worth $43,000. Finally, Signaturefd LLC raised its holdings in Kosmos Energy by 39,777.8% in the third quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 10,740 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

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.