Kosmos Energy Ltd (NYSE:KOS) price on Wednesday, June 11, rose 6.50% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.13.
A look at the stock’s price movement, the close in the last trading session was $2.00. Turning to its 52-week performance, $5.97 and $1.38 were the 52-week high and 52-week low respectively. Overall, KOS moved 11.52% over the past month.
Kosmos Energy Ltd’s market cap currently stands at around $1.02 billion, with investors looking forward to this quarter’s earnings report slated for in July.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KOS is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend KOS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KOS’s current price about 19.36% and 21.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.99, while 7-day volatility ratio is 2.74% and 4.78% in the 30-day chart. Further, Kosmos Energy Ltd (KOS) has a beta value of 1.46, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $5.6, forecast between a low of $5.6 and high of $5.6. Looking at the price targets, the low is -162.91% off current price level while to achieve the yearly target high, price needs to move -162.91%. Nonetheless, investors will most likely welcome a -162.91% jump to $5.6 which is the analysts’ median price.
If we refocus on Kosmos Energy Ltd (NYSE:KOS), historical trading data shows that trading volumes averaged 11.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 477.90 million shares.
The 4.23% of Kosmos Energy Ltd’s shares are in the hands of company insiders while institutional holders own 98.22% of the company’s shares. Current price change has pushed the stock -37.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KOS stock continues to rise going into the next quarter.
