Recent Insider Activity Could Benefit Kosmos Energy Ltd. (KOS)


In a filing, Kosmos Energy Ltd. revealed its Director GOODWIN DEANNA L unloaded Company’s shares for reported $0.75 million on Jun 09. In the deal valued at $6.69 per share,112,000 shares were sold. As a result of this transaction, GOODWIN DEANNA L now holds 99,532 shares worth roughly $ 0.74 million.

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Then, Franklin Roy A. sold 8,000 shares, generating $54,400 in total proceeds. Upon selling the shares at $6.80, the Director now owns 68,870 shares.

Before that, Dearlove Sir Richard Billing sold 147,000 shares. Kosmos Energy Ltd. shares valued at $977,771 were divested by the Director at a price of $6.65 per share. As a result of the transaction, Dearlove Sir Richard Billing now holds 133,615 shares, worth roughly $1.0 million.

Redburn initiated its Kosmos Energy Ltd. [KOS] rating to a Buy in a research note published on Tuesday, July 20, 2023; the price target was $9. PT values the company’s stock at a premium of 17.11 to its Tuesday closing price.

Price Performance Review of KOS

On Tuesday, Kosmos Energy Ltd. [NYSE:KOS] saw its stock fall -1.06% to $7.46. On the same session, the stock had its day’s lowest price of $7.44, but rose to a high of $7.66. Over the last five days, the stock has gained 3.76%. Kosmos Energy Ltd. shares have risen nearly 17.30% since the year began. Nevertheless, the stocks have risen 13.03% over the past one year. While a 52-week high of $8.55 was reached on 02/27/23, a 52-week low of $4.64 was recorded on 06/28/23. SMA at 50 days reached $6.81, while 200 days put it at $6.80. A total of 3.44 million shares were traded, compared to the trading of 3.93 million shares in the previous session.

Levels Of Support And Resistance For KOS Stock

The 24-hour chart illustrates a support level at 7.38, which if violated will result in even more drops to 7.30. On the upside, there is a resistance level at 7.60. A further resistance level may holdings at 7.74. The Relative Strength Index (RSI) on the 14-day chart is 59.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.10%. Stochastics %K at 86.77% indicates the stock is a selling.

How much short interest is there in Kosmos Energy Ltd.?

A steep rise in short interest was recorded in Kosmos Energy Ltd. stocks on Aug 14, 2023, dropping by -2.38 million shares to a total of 25.17 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 27.55 million shares. There was a decline of -9.46%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.56% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.82.

Kosmos Energy Ltd. [KOS] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 40,821,487 shares, or roughly 8.88% of the outstanding KOS shares. In other words, the investor’s shares have fallen by -8,083,567 from its previous 13-F filing of 48905054.0. Additionally, BlackRock Fund Advisors increased 4.07% of its stake after which the total value it holdings stand at $201,456,927, while Grantham, Mayo, Van Otterloo & Co added 4.79% of its stake to hold $139.5 million in the firm. Over the last quarter, Vaughan Nelson Investment Managem purchased 1,073,050 shares of Kosmos Energy Ltd., while Hotchkis & Wiley Capital Manageme bought 248,380 shares. At present, SSgA Funds Management, Inc. is holding 16,929,211 shares valued at $120.2 million. T. Rowe Price Associates, Inc. owned 15,673,260 shares of the company at the time of its most recent 13F filing, worth $111.28 million.

According to FactSet, Kosmos Energy Ltd.’s share price will average $9.84 in the next year, based on opinions of analysts polled by the firm. This is up nearly 21.62 percent from its previous closing price of $7.54. Analysts expect Kosmos Energy Ltd. stock to reach the higher price of $13.00, while the lowest price estimate is $8.29. However, 11 analysts have rated KOS stock as a Buy in their predictions for 2023.


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