Kosmos Energy (NYSE:KOS) Sets New 12-Month Low – What’s Next?

Shares of Kosmos Energy Ltd. (NYSE:KOS) reached a new 52-week low on Thursday . The stock traded as low as $3.36 and last traded at $3.37, with a volume of 6199197 shares trading hands. The stock had previously closed at $3.71.

Analyst Upgrades and Downgrades

KOS has been the topic of a number of recent research reports. Bank of America reduced their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Benchmark dropped their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Sanford C. Bernstein decreased their target price on Kosmos Energy from $5.00 to $4.00 and set a “market perform” 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 report on Friday, December 6th. Finally, Mizuho initiated coverage on Kosmos Energy in a research report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.75.

Kosmos Energy Stock Down 4.4 %

The firm’s 50 day simple moving average is $3.91 and its 200 day simple moving average is $4.65. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 0.48 and a beta of 2.41. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Institutional Trading of Kosmos Energy

Large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new stake in shares of Kosmos Energy during the 2nd quarter worth about $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Kosmos Energy during the third quarter worth approximately $28,000. CWM LLC lifted its position 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 during the period. Signaturefd LLC boosted its stake in Kosmos Energy by 39,777.8% during the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock valued at $43,000 after purchasing an additional 10,740 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new position in Kosmos Energy during the 3rd quarter valued at $43,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

About Kosmos Energy

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.