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

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

Analyst Ratings Changes

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

Kosmos Energy Stock Down 0.3 %

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 business’s 50-day simple moving average is $3.56 and its 200-day simple moving average is $4.19. The company has a market capitalization of $1.62 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.42 and a beta of 2.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its holdings in shares of Kosmos Energy by 3.0% in the 2nd quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock valued at $399,000 after buying an additional 2,055 shares during the period. Fruth Investment Management lifted its holdings in Kosmos Energy by 10.2% in the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock valued at $108,000 after acquiring an additional 2,500 shares during the period. nVerses Capital LLC lifted its holdings in Kosmos Energy by 13.6% in the third quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock valued at $125,000 after acquiring an additional 3,700 shares during the period. Franklin Resources Inc. boosted its position in Kosmos Energy by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after purchasing an additional 4,640 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its stake in shares of 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 worth $66,000 after purchasing an additional 4,921 shares during the period. 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.