Kiker Wealth Management LLC Purchases New Position in Kosmos Energy Ltd. $KOS

Kiker Wealth Management LLC purchased a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS) in the second quarter, Holdings Channel.com reports. The firm purchased 202,013 shares of the oil and gas producer’s stock, valued at approximately $426,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Kosmos Energy by 175.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer’s stock worth $6,140,000 after purchasing an additional 4,308,275 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Kosmos Energy by 224.0% during the first quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock valued at $14,844,000 after buying an additional 3,691,800 shares during the last quarter. First Trust Advisors LP raised its position in Kosmos Energy by 66.9% in the 4th quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer’s stock valued at $6,396,000 after buying an additional 2,825,517 shares during the last quarter. Squarepoint Ops LLC raised its position in Kosmos Energy by 333.0% in the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after buying an additional 2,477,102 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Kosmos Energy by 19.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock valued at $10,930,000 after acquiring an additional 1,962,936 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Royal Bank Of Canada cut shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Stephens dropped their target price on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $2.53.

Kosmos Energy Price Performance

KOS opened at $2.54 on Friday. The firm has a market cap of $1.51 billion, a P/E ratio of -2.13, a PEG ratio of 0.19 and a beta of 0.72. The firm has a 50-day moving average of $2.42 and a 200 day moving average of $2.47. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $3.34.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. On average, research analysts expect that Kosmos Energy Ltd. will post 0.45 EPS for the current year.

Insider Activity

In related news, Director John Douglas Kelso Grant sold 43,466 shares of Kosmos Energy stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the sale, the director owned 82,311 shares of the company’s stock, valued at approximately $224,709.03. The trade was a 34.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew G. Inglis sold 85,935 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $176,166.75. Following the completion of the transaction, the chief executive officer owned 4,678,043 shares in the company, valued at approximately $9,589,988.15. The trade was a 1.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 294,580 shares of company stock worth $689,275. 1.90% of the stock is owned by insiders.

Kosmos Energy 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.