Kosmos Energy Ltd’s recent filing unveils that its SVP and CFO Shah Nealesh D. unloaded Company’s shares for reported $0.51 million on Feb 05 ’24. In the deal valued at $5.49 per share,93,267 shares were sold. As a result of this transaction, Shah Nealesh D. now holds 1,321,284 shares worth roughly $3.98 million.
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Then, Shah Nealesh D. sold 90,454 shares, generating $511,798 in total proceeds. Upon selling the shares at $5.66, the SVP and CFO now owns 1,230,830 shares.
Before that, INGLIS ANDREW G sold 182,948 shares. Kosmos Energy Ltd shares valued at $1,003,927 were divested by the Chairman and CEO at a price of $5.49 per share. As a result of the transaction, INGLIS ANDREW G now holds 3,554,246 shares, worth roughly $10.7 million.
Mizuho initiated its Kosmos Energy Ltd [KOS] rating to a Neutral in a research note published on September 19, 2024; the price target was $5. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Bernstein also remained covering KOS and has decreased its forecast on October 17, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on September 27, 2023. It rated KOS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of KOS
On Friday, Kosmos Energy Ltd [NYSE:KOS] saw its stock fall -4.44% to $3.01. Over the last five days, the stock has lost -13.01%. Kosmos Energy Ltd shares have fallen nearly -55.14% since the year began. Nevertheless, the stocks have fallen -52.67% over the past one year. While a 52-week high of $7.07 was reached on 01/03/24, a 52-week low of $3.13 was recorded on 12/13/24. SMA at 50 days reached $3.92, while 200 days put it at $5.02.
Levels Of Support And Resistance For KOS Stock
The 24-hour chart illustrates a support level at 2.91, which if violated will result in even more drops to 2.81. On the upside, there is a resistance level at 3.19. A further resistance level may holdings at 3.37. The Relative Strength Index (RSI) on the 14-day chart is 28.76, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.25%. Stochastics %K at 15.67% indicates the stock is a buying.
How much short interest is there in Kosmos Energy Ltd?
A steep rise in short interest was recorded in Kosmos Energy Ltd stocks on 2024-11-29, dropping by -6.5 million shares to a total of 37.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 43.82 million shares. There was a decline of -17.4%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 20, 2023 when Redburn began covering the stock and recommended ‘”a Buy”‘ rating along with a $9 price target.
