Kosmos Energy Ltd. (KOS) has been under a strong bear grip, hence the stock is down -4.39% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.19% in the past 1 week. The stock has risen by 1.25% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.4% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.88% and the 50-Day Moving Average is 1.63%. Kosmos Energy Ltd. (NYSE:KOS): stock turned positive on Friday. Though the stock opened at $5.58, the bulls momentum made the stock top out at $5.7 level for the day. The stock recorded a low of $5.55 and closed the trading day at $5.68, in the green by 1.79%. The total traded volume for the day was 925,980. The stock had closed at $5.58 in the previous days trading.
The company Insiders own 3.95% of Kosmos Energy Ltd. shares according to the proxy statements. Institutional Investors own 94.06% of Kosmos Energy Ltd. shares. Also, Raymond James upgrades its rating on Kosmos Energy Ltd. (NYSE:KOS). Analysts at the Raymond James have a current rating of Strong Buy on the shares. The shares were previously rated Outperform. The rating by the firm was issued on May 11, 2016.
Kosmos Energy Ltd. (Kosmos) is a holding, independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Companys operations are conducted through its wholly owned subsidiary, Kosmos Energy, LLC. The Companys assets include existing production and other development projects offshore Ghana, as well as exploration licenses with hydrocarbon potential offshore Ireland, Mauritania, Morocco (including Western Sahara), Senegal and Suriname. The Company has operations in Africa, Europe, South America and Ghana. Its discoveries in Ghana include Jubilee Field, TEN, Mahogany, Teak, Akasa and Wawa. The companys other properties include Ireland, Mauritania, Morocco, Senegal and Suriname.