Kosmos Energy (NYSE:KOS) Stock Price Down 5.1% – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) shares fell 5.1% during mid-day trading on Friday . The stock traded as low as $3.29 and last traded at $3.28. 826,150 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 6,617,864 shares. The stock had previously closed at $3.45.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KOS. Mizuho lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Jefferies Financial Group restated a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Benchmark lowered their target price on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Sanford C. Bernstein dropped their price objective on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.52.

Kosmos Energy Price Performance

The firm has a market capitalization of $1.61 billion, a PE ratio of 7.72, a P/E/G ratio of 0.42 and a beta of 2.43. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The company has a fifty day moving average price of $3.57 and a two-hundred day moving average price of $4.21.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in Kosmos Energy by 26.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 341,300 shares of the oil and gas producer’s stock worth $1,891,000 after purchasing an additional 71,632 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Kosmos Energy by 18.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,446 shares of the oil and gas producer’s stock worth $191,000 after buying an additional 5,300 shares during the last quarter. Blair William & Co. IL increased its position in Kosmos Energy by 12.5% in the 2nd quarter. Blair William & Co. IL now owns 64,439 shares of the oil and gas producer’s stock valued at $357,000 after acquiring an additional 7,170 shares during the period. Hsbc Holdings PLC raised its stake in Kosmos Energy by 3.0% during the 2nd quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock valued at $399,000 after acquiring an additional 2,055 shares during the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in Kosmos Energy by 7.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 193,057 shares of the oil and gas producer’s stock worth $1,070,000 after acquiring an additional 12,800 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

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.