A company insider recently sold 20,732 shares of Kosmos Energy Ltd. [KOS]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kosmos Energy Ltd. shares valued at $147,197 were sold by Franklin Roy A. on Jun 13. At $7.10 per share, Franklin Roy A. sold 20,732 shares. The insider’s holdings dropped to 52,009 shares worth approximately $0.31 million following the completion of this transaction.

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As published in a research note from Berenberg on August 25, 2022, Kosmos Energy Ltd. [KOS] has been rated up from a Hold to a Buy and the price target has been revised to $8.50 from $8.30. This represents a 30.94% premium over Wednesday’s closing price. Analysts at Berenberg downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid June. As of November 11, 2021, Barclays has increased its “an Equal weight” rating to a “an Overweight” for KOS. Earlier on October 15, 2021, Berenberg upgraded its rating. Their new recommendation was “a Buy” for KOS stock which previously was a “a Hold”.

Analyzing KOS’s Price Performance

On Wednesday, Kosmos Energy Ltd. [NYSE: KOS] plunged -2.17% to $5.87. The stock’s lowest price that day was $5.86, but it reached a high of $6.195 in the same session. During the last five days, there has been a drop of approximately -14.06%. Over the course of the year, Kosmos Energy Ltd. shares have jumped approximately 69.65%. Shares of the company reached a 52-week high of $8.48 on 06/03/22 and a 52-week low of $3.45 on 01/03/22. A 50-day SMA is recorded $6.25, while a 200-day SMA reached $5.92. Nevertheless, trading volume fell to 5.25 million shares from 8.32 million shares the previous day.

Support And Resistance Levels for Kosmos Energy Ltd. (KOS)

According to the 24-hour chart, there is a support level at 5.76, which, if violated, would cause prices to drop to 5.64. In the upper region, resistance lies at 6.09. The next price resistance is at 6.31. RSI (Relative Strength Index) is 39.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 99.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Kosmos Energy Ltd. subject to short interest?

Stocks of Kosmos Energy Ltd. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.41 million shares to 23.6 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 25.01 million shares. A decline of -5.97% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.64 of the overall float, the days-to-cover ratio (short ratio) decline to 2.64.

Which companies own the most shares of Kosmos Energy Ltd. (KOS)?

According to Fidelity Management & Research Co filings, the company currently owns 50,142,811 shares, which is about 11.00% of the total KOS shares outstanding. The investor’s shares have appreciated by 13,131,882 from its previous 13-F filing of 37010929.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $190,075,946. Vaughan Nelson Investment Managem acquire a 0.15% interest valued at $179.97 million while SSgA Funds Management, Inc. sold a -2,580,650 stake. A total of 105,600 shares of Kosmos Energy Ltd. were sold by Cobas Asset Management SGIIC SA during the quarter, and -3,973,127 were sold by Grantham, Mayo, Van Otterloo & Co. In its current portfolio, Hotchkis & Wiley Capital Manageme holds 18,366,230 shares valued at $129.85 million.


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