Goldman Sachs Group Inc. boosted its position in Kosmos Energy Ltd. (NYSE:KOS) by 134.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,683,128 shares of the oil and gas producer’s stock after buying an additional 2,111,884 shares during the period. Goldman Sachs Group Inc. owned 0.95% of Kosmos Energy worth $24,529,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Amalgamated Bank raised its position in shares of Kosmos Energy by 3.3% in the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock worth $150,000 after buying an additional 720 shares during the period. Comerica Bank raised its position in shares of Kosmos Energy by 16.8% in the first quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 2,701 shares during the period. Guggenheim Capital LLC raised its position in shares of Kosmos Energy by 1.6% in the fourth quarter. Guggenheim Capital LLC now owns 211,044 shares of the oil and gas producer’s stock worth $1,479,000 after buying an additional 3,310 shares during the period. Teacher Retirement System of Texas raised its position in shares of Kosmos Energy by 40.8% in the first quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock worth $102,000 after buying an additional 4,463 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Kosmos Energy by 2.1% in the first quarter. Parametric Portfolio Associates LLC now owns 317,024 shares of the oil and gas producer’s stock worth $2,111,000 after buying an additional 6,637 shares during the period.
Kosmos Energy Ltd. (NYSE:KOS) opened at 6.34 on Wednesday. Kosmos Energy Ltd. has a 12-month low of $4.39 and a 12-month high of $7.90. The company’s 50 day moving average is $6.44 and its 200 day moving average is $6.33. The firm’s market cap is $2.46 billion.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, May 8th. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. The business had revenue of $152 million during the quarter, compared to the consensus estimate of $173.10 million. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. Kosmos Energy’s quarterly revenue was up 144.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. On average, equities analysts anticipate that Kosmos Energy Ltd. will post ($0.21) earnings per share for the current year.
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A number of brokerages have weighed in on KOS. Jefferies Group LLC lifted their price target on shares of Kosmos Energy from $7.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Johnson Rice began coverage on shares of Kosmos Energy in a report on Tuesday, June 20th. They issued a “buy” rating on the stock. Scotiabank set a $7.00 price target on shares of Kosmos Energy and gave the company a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research lowered shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, BMO Capital Markets set a $10.00 price target on shares of Kosmos Energy and gave the company a “buy” rating in a report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.42.
In other Kosmos Energy news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $7.15, for a total value of $214,500,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is currently owned by corporate insiders.
Kosmos Energy Company 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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