Kosmos Energy Ltd. (NYSE:KOS) is one of the best performers on the stock market today. At current price of $5.64, the shares have already added 0.29 points (5.33% higher) from its previous close of $5.35. Should you buy or avoid them? The stock sets an active trading volume day with a reported 1711564 contracts so far this session. KOS shares had a relatively better volume day versus average trading capacity of 4.25 million shares, but with a 0.38 billion float and a -6.14% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for KOS stock indicates that the average analyst price target is $9.18 per share. This means the stock has a potential increase of 62.77% from where the KOS share price has been trading recently which is between $5.29 and $5.4.
During the recent trading session for Kosmos Energy Ltd. (NYSE:KOS), the company witnessed their stock rise $0.16 over a week and tumble down $-0.67 from the price 20 days ago. When compared to their established 52-week high of $8.49, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 12/10/18. The recent low of $3.53 stood for a -35.53% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.01 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Kosmos Energy Ltd., the two-week RSI stands at 40.44. This figure suggests that KOS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current KOS readings is similarly very revealing as it has a stochastic reading of 14.62% at this stage. This figure means that KOS share price today is being overbought.
Technical chart claims that Kosmos Energy Ltd. (KOS) would settle between $5.4/share to $5.46/share level. However, if the stock price goes below the $5.29 mark, then the market for Kosmos Energy Ltd. becomes much weaker. If that happens, the stock price might even plunge as low as $5.24 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.11. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Macquarie, assumed coverage of KOS assigning Outperform rating, according to their opinion released on May 01. Bernstein analysts bumped their rating on Kosmos Energy Ltd. (NYSE:KOS) stock from Mkt Perform to Outperform in a separate flash note issued to investors on January 04. Analysts at Exane BNP Paribas lowered the stock to a Neutral call from its previous Outperform recommendation, in a research note that dated back to December 10.
KOS equity has an average rating of 2.19, with the figure leaning towards a bullish end. 10 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 10 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 10 analysts rated Kosmos Energy Ltd. (NYSE:KOS) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, KOS stock price is currently trading at 13.97X forward 12-month Consensus EPS estimates, and its P/E ratio is 76.4 while for the average stock in the same group, the multiple is 10.8. Kosmos Energy Ltd. current P/B ratio of 2.4 means it is trading at a premium against its industry’s 1.2.
Kosmos Energy Ltd. (KOS)’s current-quarter revenues are projected to climb by nearly 66.7% to hit $417050, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 71.4% from $902370 to a noteworthy $1.55 billion. At the other end of the current quarter income statement, Kosmos Energy Ltd. is expected to see its adjusted earnings surge by roughly 126.1% to hit $0.06 per share. For the fiscal year, KOS’s earnings are projected to climb by roughly 119.1% to hit $0.09 per share.