KOS...They Said So? Bullish Resistance Or Bearish Deflection 2.0
This is a familiar area for
KOS
that has taken some time to get to. But now that its back at the 382 fib level, the proof will be in the pudding. This was an area of previous support a few months back and now KOS is desperately trying to make it so once again. Over the last few weeks it's been deflected but continues hovering in the area so all may not be lost (for now).
Other than earnings released in August, there haven’t been many new updates from the company. For the most part, KOS stock has moved with the overall oil and gas market direction. When it comes to Kosmos Energy’s last earnings update, it experienced increased revenues and a more narrow adjusted loss.
KOS Stock Forecast
Similar to American Resources, analysts may be bullish on Kosmos thanks to the reopening trade. Higher energy demand has put somewhat of a strain on the portion of the raw material of the supply chain. With that has come higher inflation and, thus, higher prices. In light of this, it might make more sense that analysts at firms like Sanford Berstein have given a stamp of approval with an Outperform rating. The firm also has a $7.80 price target, roughly 140% higher than opening levels on October 8.
KOS
that has taken some time to get to. But now that its back at the 382 fib level, the proof will be in the pudding. This was an area of previous support a few months back and now KOS is desperately trying to make it so once again. Over the last few weeks it's been deflected but continues hovering in the area so all may not be lost (for now). Other than earnings released in August, there haven’t been many new updates from the company. For the most part, KOS stock has moved with the overall oil and gas market direction. When it comes to Kosmos Energy’s last earnings update, it experienced increased revenues and a more narrow adjusted loss.
KOS Stock Forecast
Similar to American Resources, analysts may be bullish on Kosmos thanks to the reopening trade. Higher energy demand has put somewhat of a strain on the portion of the raw material of the supply chain. With that has come higher inflation and, thus, higher prices. In light of this, it might make more sense that analysts at firms like Sanford Berstein have given a stamp of approval with an Outperform rating. The firm also has a $7.80 price target, roughly 140% higher than opening levels on October 8.