Collision
In physics, kinetic energy is the energy of motion.
Work is done to accelerate the body of a given mass from rest to the current velocity.
The same amount of work is done by the body to decelerate from the current velocity.
Kinetic energy is gained through acceleration, and remains constant for a body with a constant velocity and mass .
In classic mechanics the kinetic energy of a non-rotating object of mass(m) traveling at a velocity(v) is (mv^2)/2
In relativistic mechanics, this is a good approximation only when the velocity is much less than the speed of light, luckily there are no projectiles that I know of that approach such a speed. 
So, in order to assess the amount of energy transferred to a body at collision we will need  to know the mass of the projectile and the velocity of the projectile just prior to the collision.
Kinetic energy can be passed from one object to another by way of collision.
collision
http://physics.stackexchange.com/questions/133759/conservation-of-momentum-but-not-kinetic-energy-in-inelastic-collisions
There are two types of collisions that result in transfer of energy, elastic collision and inelastic collision.
Elastic collision-" An elastic collision is an encounter between two bodies in which the total kinetic energy of the two bodies after the encounter is equal to their total kinetic energy before the encounter. Elastic collisions occur only if there is no net conversion of kinetic energy into other forms."
Inelastic collision-"An inelastic collision, in contrast, is a collision in which kinetic energy is not conserved. In inelastic collisions of macroscopic bodies, some kinetic energy is turned into vibrational energy of the atoms, causing a heating effect, and the bodies are deformed."
In the case that a high speed projectile colliding with a body, the result is a partially inelastic collision because the masses do not rebound off of one another but they don't exactly stick together either, kinetic energy changes into different forms of energy.
Although in an inelastic collision the kinetic energy is not necessarily conserved the total energy of the isolated system is.
In physics, the law of conservation of energy states that the total energy of an isolated system cannot change—it is said to be conserved over time. Energy can be neither created nor destroyed, but can change form.
It is important to understand that in order for the hydrostatic shock wave to occur that this transformation of energy is taking place.