Kosmos Energy Ltd (NYSE:KOS) stock Continues to Trade Lower: Time To Buy?
The Kosmos Energy Ltd (NYSE:KOS) stock may have declined yesterday by 10% amidst a selloff but it is also necessary for investors to keep in mind that the stock has actually performed well this year and is still up by as much as 40%. In such a situation, it could be a good move for investors to take a closer look at Kosmos Energy.
It should be noted that there has been no recent news about the company. It is a deep water gas and oil exploration firm, with operations mainly concentrated at the Atlantis Margins. The main assets of Kosmos Energy are situated in Equatorial Guinea, Ghana and the Gulf of Mexico in the United States.
The Kosmos stock is listed in two of the biggest stock exchanges in the world, the London Stock Exchange and the New York Stock Exchange. At both those exchanges, the stock trades under the same ticker symbol, KOS. The last important development with regards to Kosmos Energy emerged back in June, when the company announced that Roy A. Franklin had been appointed to its board of directors. The appointment became effective as of June 9, 2021. Investors could consider keeping an eye on this stock this week.
Market Reaction:
On Tuesday, KOS stock fell 9.77% at $3.14 with more than 12.79 million shares, compared to its average volume of 6.55 million shares. The stock had moved within a range of $3.1400 – 3.6300 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.
