Rafferty Asset Management LLC Has $1.23 Million Holdings in Kosmos Energy Ltd. $KOS

Rafferty Asset Management LLC boosted its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 40.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 738,806 shares of the oil and gas producer’s stock after acquiring an additional 212,970 shares during the period. Rafferty Asset Management LLC’s holdings in Kosmos Energy were worth $1,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Orion Porfolio Solutions LLC grew its position in shares of Kosmos Energy by 18.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after purchasing an additional 9,159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kosmos Energy by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after buying an additional 12,045 shares during the period. Blueshift Asset Management LLC acquired a new stake in Kosmos Energy during the second quarter worth approximately $27,000. PNC Financial Services Group Inc. increased its stake in Kosmos Energy by 59.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 45,694 shares of the oil and gas producer’s stock worth $76,000 after acquiring an additional 17,121 shares during the period. Finally, Ellevest Inc. bought a new position in Kosmos Energy during the 2nd quarter worth $34,000. Institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Stephens initiated coverage on Kosmos Energy in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target for the company. The Goldman Sachs Group raised their target price on shares of Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Sanford C. Bernstein decreased their price objective on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research note on Monday, January 5th. Finally, Johnson Rice downgraded shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and lowered their price objective for the company from $4.50 to $3.50 in a research report on Friday, December 5th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.08.

Kosmos Energy Trading Down 0.8%

KOS opened at $2.52 on Friday. The company’s 50 day moving average is $1.50 and its 200-day moving average is $1.48. Kosmos Energy Ltd. has a 1-year low of $0.84 and a 1-year high of $2.70. The company has a current ratio of 0.75, a quick ratio of 0.29 and a debt-to-equity ratio of 5.53. The company has a market cap of $1.21 billion, a P/E ratio of -1.73 and a beta of 0.76.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, March 2nd. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). Kosmos Energy had a negative return on equity of 39.29% and a negative net margin of 54.18%.The company had revenue of $294.62 million for the quarter, compared to analyst estimates of $323.46 million. Equities research analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Activity at Kosmos Energy

In related news, SVP Josh R. Marion sold 19,656 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total transaction of $26,928.72. Following the sale, the senior vice president owned 197,409 shares in the company, valued at $270,450.33. The trade was a 9.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Ronald W. Glass sold 19,285 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total value of $26,420.45. Following the completion of the transaction, the chief accounting officer directly owned 342,945 shares of the company’s stock, valued at approximately $469,834.65. The trade was a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 272,844 shares of company stock valued at $377,592 over the last three months. 1.99% of the stock is currently owned by corporate insiders.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.