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Due to rising crude oil and natural gas prices amid a prolonged supply squeeze, the oil & gas industry has gained impressively over the past year. Shares of KOS have gained 217.5% in price over the past year and 19.4% over the past five days. Also, KOS’ shares returned 7.3% in their last trading session to close at $3.81. Moreover, the stock is trading above its 50-day and 200-day moving averages of $2.74 and $2.80, respectively.
The company has been benefiting primarily from rising energy prices. Since analysts expect oil prices to hit $200 per barrel, KOS should keep thriving. According to Goldman Sachs (NYSE:GS), “the possibility of $150-$200 per barrel seems increasingly likely over the next 6-24 months.”
