Kosmos Energy Ltd. (NYSE:KOS) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 28.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,331,131 shares of the oil and gas producer’s stock after buying an additional 729,148 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.71% of Kosmos Energy worth $19,853,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new stake in Kosmos Energy in the fourth quarter valued at $27,000. TFO Wealth Partners LLC boosted its holdings in Kosmos Energy by 7,051.9% during the fourth quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 5,712 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new position in Kosmos Energy during the first quarter worth about $60,000. First Trust Direct Indexing L.P. purchased a new position in Kosmos Energy in the fourth quarter valued at about $68,000. Finally, Procyon Advisors LLC acquired a new stake in shares of Kosmos Energy during the 4th quarter valued at approximately $74,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KOS has been the subject of several research analyst reports. Sanford C. Bernstein dropped their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday. Benchmark restated a “buy” rating and issued a $8.00 price target on shares of Kosmos Energy in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.63.

Kosmos Energy Price Performance

Shares of KOS traded down $0.10 during trading hours on Friday, reaching $5.61. 283,630 shares of the company traded hands, compared to its average volume of 6,598,339. The stock has a market capitalization of $2.65 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.47 and a beta of 2.41. The stock has a fifty day simple moving average of $5.70 and a 200 day simple moving average of $5.90. Kosmos Energy Ltd. has a fifty-two week low of $5.07 and a fifty-two week high of $8.28. The company has a quick ratio of 0.64, a current ratio of 0.91 and a debt-to-equity ratio of 2.48.

Kosmos Energy (NYSE:KOS) last released its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.19 EPS for the quarter. The firm had revenue of $419.14 million during the quarter. Kosmos Energy had a net margin of 12.85% and a return on equity of 39.32%. As a group, research analysts predict that Kosmos Energy Ltd. will post 0.7 EPS for the current fiscal year.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company's primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.