Raymond James Financial Services Advisors Inc. lowered its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 0.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 25,840 shares of the oil and gas producer’s stock after selling 103 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Kosmos Energy were worth $166,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Kosmos Energy by 31.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 313,299 shares of the oil and gas producer’s stock valued at $2,007,000 after buying an additional 75,400 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Kosmos Energy during the 2nd quarter valued at about $34,877,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Kosmos Energy by 3.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 8,399,885 shares of the oil and gas producer’s stock valued at $53,843,000 after buying an additional 251,660 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Kosmos Energy by 3.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock valued at $210,687,000 after buying an additional 1,010,626 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Kosmos Energy by 13.1% during the 2nd quarter. Rhumbline Advisers now owns 163,398 shares of the oil and gas producer’s stock valued at $1,047,000 after buying an additional 18,920 shares during the last quarter.
In related news, Director Yves-Louis Darricarrere sold 14,000 shares of Kosmos Energy stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $8.57, for a total value of $119,980.00. Following the sale, the director now directly owns 65,191 shares in the company, valued at approximately $558,686.87. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is owned by company insiders.
A number of equities analysts have weighed in on KOS shares. Jefferies Group LLC set a $8.00 price objective on Kosmos Energy and gave the company a “buy” rating in a research note on Saturday, July 22nd. Citigroup Inc. reduced their price objective on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and set a $9.00 price objective on shares of Kosmos Energy in a research note on Friday, August 4th. Scotiabank upgraded Kosmos Energy from a “sector perform” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Royal Bank Of Canada set a $15.00 price objective on Kosmos Energy and gave the company a “buy” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.50.
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Shares of Kosmos Energy Ltd. (NYSE KOS) opened at $7.87 on Wednesday. Kosmos Energy Ltd. has a 12-month low of $4.60 and a 12-month high of $8.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 1.66.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative net margin of 41.92% and a negative return on equity of 24.55%. The business had revenue of $151.20 million for the quarter, compared to analyst estimates of $149.10 million. During the same quarter last year, the business earned ($0.09) earnings per share. Kosmos Energy’s revenue was up 126.9% on a year-over-year basis. research analysts predict that Kosmos Energy Ltd. will post -0.34 earnings per share for the current year.
Kosmos Energy Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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