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Potential Price Increase for Kosmos Energy Ltd (KOS) After Recent Insider Activity

Kosmos Energy Ltd’s recently made public that its Chairman and CEO INGLIS ANDREW G unloaded Company’s shares for reported $1.0 million on Feb 06 ’24. In the deal valued at $5.66 per share,177,430 shares were sold. As a result of this transaction, INGLIS ANDREW G now holds 3,376,816 shares worth roughly $18.64 million.

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Then, Ball Christopher James sold 121,915 shares, generating $689,807 in total proceeds. Upon selling the shares at $5.66, the SVP, Chief Commercial Officer now owns 1,409,244 shares.

Before that, Shah Nealesh D. sold 90,454 shares. Kosmos Energy Ltd shares valued at $511,798 were divested by the SVP and CFO at a price of $5.66 per share. As a result of the transaction, Shah Nealesh D. now holds 1,230,830 shares, worth roughly $6.79 million.

Stifel initiated its Kosmos Energy Ltd [KOS] rating to a Buy in a research note published on November 20, 2023; the price target was $10. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “a Mkt perform”. BofA Securities also remained covering KOS and has increased its forecast on September 27, 2023 with a “Buy” recommendation from previously “Neutral” rating. Redburn started covering the stock on July 20, 2023. It rated KOS as “a Buy”.

Price Performance Review of KOS

On Friday, Kosmos Energy Ltd [NYSE:KOS] saw its stock fall -1.95% to $5.52. Over the last five days, the stock has lost -9.51%. Kosmos Energy Ltd shares have fallen nearly -17.73% since the year began. Nevertheless, the stocks have fallen -18.82% over the past one year. While a 52-week high of $8.28 was reached on 01/03/24, a 52-week low of $5.23 was recorded on 03/05/24. SMA at 50 days reached $5.95, while 200 days put it at $6.49. A total of 3.15 million shares were traded, compared to the trading of 6.05 million shares in the previous session.

Levels Of Support And Resistance For KOS Stock

The 24-hour chart illustrates a support level at 5.48, which if violated will result in even more drops to 5.44. On the upside, there is a resistance level at 5.59. A further resistance level may holdings at 5.66. The Relative Strength Index (RSI) on the 14-day chart is 38.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.78%. Stochastics %K at 5.48% indicates the stock is a buying.

The most recent change occurred on March 10, 2023 when Peel Hunt began covering the stock and recommended ‘”a Add”‘ rating along with a $8.94 price target.

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