With the current price of $1.43, the stock of Kosmos Energy Ltd. (NYSE:KOS) concluded the trading session seeing its price drop by -0.14 points or at a loss of -8.92% compared to its previous day’s closing price of $1.57. About 5.795 million shares of the stock changed hands on the day. The trading volume of KOS’s shares during the past session compares with the stock’s average daily trading volume of 10.114 million shares. On the other hand, a float of 384 million shares and a weekly performance of -13.33% make the stock worth to keep an eye on. Analysts are in agreement on an annual target price of $0 for KOS’s share which suggests that the stock, price of which is currently buoying between $1.43 and $1.57, is prone to a loss of -100%. But still, there are some analysts recommending a price below the agreed average price and one of them has given a target price of $1.4 to the stock.
The latest data released on July 31, 2020 shows that the short float in the Kosmos Energy Ltd.’s stock is trending downward as short interest in KOS shares turned down leaving more number of shares available to public for trading. Number of shares shorted in the KOS is currently comprised of 7.6% of the float. Over the past two weeks, stock’s short interests weakened as number of shorted shares increased to shares from the previous figure of shares. Stock’s average intraday volume is now standing at shares which indicate that the days to cover the shorts are nearly.
After concluding the day’s trading, price of Kosmos Energy Ltd. (NYSE:KOS) is down -$0.22 over the week and it is -$0.24 below20-day average price. The highest price touched by the stock on the day was lower than 52-week high price of $7.55 that was attained on 11/12/19.
The stock has traded as low as $0.501 in past 52-week, and its current price is 185.43% above from that 52-week low price mark recorded on 03/18/20, which is an indicator that could increase the investors’ motivation level in taking advantage of price surge the stock has currently been going through. Stock currently has its beta at 3.52. A beta value of more than 1 represents higher volatility of a stock than that of the market and for the reason investors closely watch the behavior of such stock.
Current indicators are pointing at 39.91 as 14-days RSI of Kosmos Energy Ltd. This means that the KOS is currently in a neutral territory and its share’s price movement is likely to be steady for a while. Similarly, the stochastic oscillator is indicating a momentum of 36.39%, implying stock’s share price is buoying in a neutral state.
Technical chart is showing 1st resistance point of $1.5233 for the KOS’s share while placing it at a 2nd resistance point of $1.6167 to be settled at. But if the stock takes a plunge lower than the 1st support price of $1.3833 then its market would become weakened. And that would likely sliding the stock price down to 2nd support price level of $1.3367.
MACD oscillator is showing a reading of -0.0944 for the stock which means that it is currently in the red zone. Any movement above or below the zero level of the indicator has always being noticed by the investors as it makes them compare the stock’s average measure in short-term with that in the long-term. An MACD evaluation of more than zero means that stock has a stronger short-term average than long-term average, which implies that stock’s price is likely to climb up. But an MACD below zero indicates weaker short-term average compare to the long-term average.
Goldman lowered its recommendation for KOS stock from Buy to Neutral in a review note dated May 14. The stock gets its recommendation upgraded from Underperform to Sector Perform from the analysts at RBC Capital Mkts in their May 13 note to investors.Investecanalysts downgraded their recommendation from Buy to Hold on April 21.
The average rating of 2.5 for KOS is placing the stock in bullish category at the moment. In a poll by Reuters including 12 analysts in it who kept tracking the Kosmos Energy Ltd., 7 rated the stock as hold. Others were in different opinions for the KOS. Out of remaining 5 analysts, 5 rated the stock as a buy or strong buy. 0 were in favor of a sell rating for the stock while advising investors to shun the stock if they already have any or otherwise not to buy it.
Projection by Zacks Consensus Estimates suggests that Kosmos Energy Ltd. (NYSE:KOS) will see its current-quarter revenues drop by nearly -99.84% to be decreased to about $216 million. Full-year revenue of the company is however forecasted to be fell to nearly -46.26% to bring $811 million in revenues against last year revenue of $1510 million. Earnings, after adjustments, are likely to fell by -525% to post an EPS of -$0.17, while estimate for company’s full year earnings is -$0.75 per share with a growth rate of 1400%.