Pitcairn Co. raised its position in Kosmos Energy Ltd (NYSE:KOS) by 5.8% in the 2nd quarter, Holdings Channel reports. The firm owned 130,010 shares of the oil and gas producer’s stock after buying an additional 7,148 shares during the period. Pitcairn Co.’s holdings in Kosmos Energy were worth $216,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. JustInvest LLC bought a new stake in Kosmos Energy in the second quarter valued at approximately $44,000. First Trust Advisors LP increased its stake in Kosmos Energy by 2,002.6% in the second quarter. First Trust Advisors LP now owns 11,090,379 shares of the oil and gas producer’s stock valued at $18,410,000 after purchasing an additional 10,562,909 shares in the last quarter. SG Americas Securities LLC increased its stake in Kosmos Energy by 54.3% in the second quarter. SG Americas Securities LLC now owns 816,392 shares of the oil and gas producer’s stock valued at $1,355,000 after purchasing an additional 287,262 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Kosmos Energy in the second quarter valued at approximately $221,000. Finally, State Street Corp increased its stake in Kosmos Energy by 29.1% in the first quarter. State Street Corp now owns 14,958,057 shares of the oil and gas producer’s stock valued at $13,396,000 after purchasing an additional 3,369,791 shares in the last quarter. 82.86% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on KOS shares. Barclays reiterated a “hold” rating and issued a $1.50 price target on shares of Kosmos Energy in a report on Friday, May 15th. Royal Bank of Canada upgraded shares of Kosmos Energy from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. Jefferies Financial Group reduced their price target on shares of Kosmos Energy from $1.80 to $1.55 and set a “buy” rating for the company in a report on Tuesday, April 28th. Berenberg Bank reduced their price target on shares of Kosmos Energy from $3.60 to $3.45 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, ValuEngine upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Kosmos Energy currently has an average rating of “Hold” and a consensus price target of $2.48.
Shares of KOS opened at $1.61 on Friday. Kosmos Energy Ltd has a 12 month low of $0.50 and a 12 month high of $7.55. The firm has a fifty day simple moving average of $1.77 and a 200 day simple moving average of $2.51. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.92 and a current ratio of 1.19.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, May 11th. The oil and gas producer reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.01). Kosmos Energy had a negative return on equity of 7.93% and a negative net margin of 13.35%. The business had revenue of $177.78 million for the quarter, compared to analyst estimates of $234.50 million. Equities research analysts anticipate that Kosmos Energy Ltd will post -0.63 earnings per share for the current year.
About Kosmos Energy
Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.
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