Kosmos Energy Up 6% Following $550 Million Acquisition Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/KOS'>Kosmos Energy Ltd. (NYSE:KOS) </a>shares were trading around 6% higher on Monday following the company’s announcement last week, according to which it will acquire $550 million of additional stakes in its Jubilee and TEN fields in Ghana from Occidental. </p>
<p>Following this announcement, analysts at Berenberg Bank raised their price target on the company’s shares to $5.20 from $3.80, mentioning that the deal is accretive to NAV at oil prices above $51/bbl.</p>
<p>According to the analysts, the deal adds c17kboe/d of production, increasing the company’s exposure to a key cash-generating asset, and significantly improves the company’s ability to reduce its net debt.</p>

NYSE:KOS