Kosmos Energy (NYSE:KOS) Hits New 1-Year Low at $5.01

Shares of Kosmos Energy Ltd. (NYSE:KOS) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $5.01 and last traded at $5.02, with a volume of 1390029 shares trading hands. The stock had previously closed at $5.28.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Sanford C. Bernstein lowered their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Benchmark reaffirmed a “buy” rating and issued a $8.00 price target on shares of Kosmos Energy in a research note on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.56.

Kosmos Energy Stock Performance

The company has a 50 day simple moving average of $5.60 and a 200 day simple moving average of $5.82. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.45 and a beta of 2.41. The company has a quick ratio of 0.64, a current ratio of 0.91 and a debt-to-equity ratio of 2.48.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.19 earnings per share (EPS) for the quarter. Kosmos Energy had a net margin of 12.85% and a return on equity of 39.32%. The company had revenue of $419.14 million during the quarter. As a group, equities research analysts forecast that Kosmos Energy Ltd. will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased its position in shares of Kosmos Energy by 23.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 25,145,473 shares of the oil and gas producer’s stock worth $149,867,000 after buying an additional 4,830,005 shares during the period. M&G Plc bought a new position in shares of Kosmos Energy in the 1st quarter worth about $20,800,000. Webs Creek Capital Management LP acquired a new position in shares of Kosmos Energy in the 1st quarter valued at about $17,396,000. Jennison Associates LLC boosted its position in shares of Kosmos Energy by 81.7% during the 4th quarter. Jennison Associates LLC now owns 5,736,668 shares of the oil and gas producer’s stock valued at $38,493,000 after purchasing an additional 2,580,191 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in Kosmos Energy in the fourth quarter worth approximately $14,762,000. Institutional investors and hedge funds 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.