Kosmos Energy (NYSE:KOS) Shares Gap Up – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $1.77, but opened at $1.98. Kosmos Energy shares last traded at $2.0850, with a volume of 8,339,633 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, December 29th. Mizuho dropped their price target on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Friday, December 12th. Stephens began coverage on Kosmos Energy in a research report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price objective on the stock. Bank of America reaffirmed an “underperform” rating and set a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Finally, Sanford C. Bernstein lowered their target price on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Kosmos Energy has a consensus rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Trading Up 21.6%

The firm has a fifty day moving average of $1.25 and a two-hundred day moving average of $1.44. The company has a market cap of $1.03 billion, a PE ratio of -3.16 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 3.04.

Insider Buying and Selling at Kosmos Energy

In related news, CFO Nealesh D. Shah sold 24,690 shares of Kosmos Energy stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $1.42, for a total value of $35,059.80. Following the completion of the transaction, the chief financial officer directly owned 1,705,167 shares in the company, valued at approximately $2,421,337.14. The trade was a 1.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Josh R. Marion sold 19,656 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total transaction of $26,928.72. Following the sale, the senior vice president directly owned 197,409 shares in the company, valued at $270,450.33. The trade was a 9.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 272,844 shares of company stock worth $377,592. 1.99% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

Several hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd raised its stake in shares of Kosmos Energy by 500.6% during the 4th quarter. XTX Topco Ltd now owns 914,037 shares of the oil and gas producer’s stock valued at $829,000 after purchasing an additional 761,861 shares during the period. Numerai GP LLC purchased a new position in Kosmos Energy during the 4th quarter valued at about $69,000. Man Group plc bought a new stake in shares of Kosmos Energy during the fourth quarter valued at about $140,000. Inspire Investing LLC lifted its holdings in shares of Kosmos Energy by 91.0% in the fourth quarter. Inspire Investing LLC now owns 523,933 shares of the oil and gas producer’s stock worth $475,000 after buying an additional 249,626 shares in the last quarter. Finally, Equinox Partners Investment Management LLC boosted its position in shares of Kosmos Energy by 9.5% in the fourth quarter. Equinox Partners Investment Management LLC now owns 19,469,980 shares of the oil and gas producer’s stock valued at $17,667,000 after acquiring an additional 1,689,500 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

About Kosmos Energy

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.