Kosmos Energy (NYSE:KOS) Sets New 52-Week High at $7.17

Kosmos Energy Ltd (NYSE:KOS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $7.17 and last traded at $7.17, with a volume of 46165 shares trading hands. The stock had previously closed at $6.83.

KOS has been the topic of several research reports. Zacks Investment Research upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Berenberg Bank reiterated a “buy” rating on shares of Kosmos Energy in a research report on Wednesday, August 7th. Finally, Barclays set a $8.00 price target on Kosmos Energy and gave the stock a “buy” rating in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $8.39.

The firm has a market capitalization of $2.90 billion, a P/E ratio of -15.60 and a beta of 2.00. The business has a fifty day moving average of $6.03 and a 200-day moving average of $6.14. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.88 and a current ratio of 1.16.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Kosmos Energy had a negative return on equity of 2.68% and a net margin of 12.18%. The business had revenue of $357.00 million during the quarter, compared to analyst estimates of $349.03 million. During the same period in the prior year, the company posted ($0.23) EPS. The business’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities research analysts forecast that Kosmos Energy Ltd will post 0.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, November 29th. Kosmos Energy’s dividend payout ratio (DPR) is -38.30%.

A number of hedge funds have recently modified their holdings of KOS. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Kosmos Energy by 74.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,018,322 shares of the oil and gas producer’s stock worth $144,324,000 after buying an additional 9,788,958 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Kosmos Energy in the 2nd quarter worth approximately $36,252,000. Zimmer Partners LP bought a new position in Kosmos Energy in the 2nd quarter worth approximately $28,215,000. Vaughan Nelson Investment Management L.P. grew its holdings in Kosmos Energy by 10.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 27,668,673 shares of the oil and gas producer’s stock worth $172,653,000 after buying an additional 2,510,723 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Kosmos Energy by 11.7% in the 2nd quarter. BlackRock Inc. now owns 19,992,155 shares of the oil and gas producer’s stock worth $125,352,000 after buying an additional 2,101,446 shares in the last quarter. 95.80% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy (NYSE:KOS)

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

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