Kosmos Energy Ltd (NYSE:KOS) Stock Soars 45% in 2021: How Far Can It Go?
The deep water oil and gas exploration firm Kosmos Energy Ltd (NYSE:KOS) has seen its stock come into considerable focus among investors this year and that has been reflected in the price action in its stock as well. The stock has been on an upward curve this year so far and managed to clock gains of as much as 45% so far in 2021.
The company’s operations are primarily involved with the area around the Atlantis Margins. Some of the key assets of Kosmos are located in the Gulf of Mexico in the United States, Ghana and Equatorial Guinea. In addition to that, Kosmos also operates advanced gas development properties located in Senegal and Mauritania.
There has been no news about the company in recent days and hence, it is important for investors to take a look at the nature of the company’s business. The Kosmos stock is listed both on the London Stock Exchange as well as on the New York Stock Exchange and it trades under the ticker symbol KOS on both the exchanges. Back in June the company had announced the appointment of Roy A. Franklin to its board of directors effective June 9, 2021.
Market Reaction:
On Friday, KOS stock went down 3.60% at $3.48 with more than 4.25 million shares, compared to its average volume of 6.53 million shares. The stock had moved within a range of $3.4600 – 3.6150 after opening the trade at $3.59. Over the past 52-week, the stock has been trading within a range of $0.9000 – 3.9600.
Allied Energy Corporation (OTCMKTS:AGYP) is another oil stock to keep on your radar as the stock is in multi-month breakout.
AGYP is another active stock buzzer in the oil & gas sector. The stock has been gaining momentum since last week with a jump of 125% on increased volume. A recent string of Twitter updates show Allied Energy is making impressive progress at their Green and Gilmer leases located in Texas.
AGYP stock is trading above 50-day and 200-day moving average, signaling a solid breakout. Moreover, the stock is just 15% away from its multi-year high of $0.71. So there could be another new breakout once the stock crosses a new high. Keep an eye on AGYP stock.
