Kosmos Energy (NYSE:KOS) Hits New 12-Month Low – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) shares reached a new 52-week low on Friday . The stock traded as low as $3.69 and last traded at $3.69, with a volume of 5345405 shares traded. The stock had previously closed at $3.76.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KOS. Mizuho began coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price objective on the stock. Bank of America decreased their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Benchmark reissued a “buy” rating and set a $8.00 price objective on shares of Kosmos Energy in a report on Wednesday, October 16th. Finally, Sanford C. Bernstein decreased their price objective on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.00.

Kosmos Energy Stock Performance

The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 0.47 and a beta of 2.41. The company’s fifty day simple moving average is $4.26 and its 200 day simple moving average is $5.12. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The business had revenue of $450.94 million during the quarter. On average, equities research analysts expect that Kosmos Energy Ltd. will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Woodmont Investment Counsel LLC lifted its holdings in shares of Kosmos Energy by 137.1% in the third quarter. Woodmont Investment Counsel LLC now owns 490,427 shares of the oil and gas producer’s stock worth $1,976,000 after acquiring an additional 283,624 shares during the last quarter. M&G PLC increased its position in Kosmos Energy by 20.0% during the 3rd quarter. M&G PLC now owns 5,911,844 shares of the oil and gas producer’s stock valued at $23,647,000 after purchasing an additional 983,623 shares during the period. Avidian Wealth Enterprises LLC increased its position in Kosmos Energy by 42.8% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer’s stock valued at $66,000 after purchasing an additional 4,921 shares during the period. Harbor Capital Advisors Inc. increased its position in Kosmos Energy by 81.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,291,464 shares of the oil and gas producer’s stock valued at $5,205,000 after purchasing an additional 579,859 shares during the period. Finally, Graham Capital Wealth Management LLC acquired a new stake in Kosmos Energy during the 3rd quarter valued at approximately $2,443,000. 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.