1,827,624 Shares in Kosmos Energy Ltd. $KOS Bought by Nuveen LLC

Key Points

• Nuveen LLC acquired 1,827,624 shares of Kosmos Energy Ltd., valued at approximately $4.17 million, indicating growing institutional interest in the company.
• Kosmos Energy reported a loss of $0.19 EPS, missing analysts’ estimates, and had a negative net margin of 10.74% for the last quarter.
• Analyst ratings for Kosmos Energy show mixed opinions, with target prices cut to $3.00 while maintaining several buy and hold ratings.

Nuveen LLC bought a new position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,827,624 shares of the oil and gas producer's stock, valued at approximately $4,167,000. Nuveen LLC owned about 0.38% of Kosmos Energy at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Kosmos Energy in the fourth quarter valued at $2,049,000. First Trust Advisors LP increased its holdings in Kosmos Energy by 61.4% in the fourth quarter. First Trust Advisors LP now owns 2,483,642 shares of the oil and gas producer's stock valued at $8,494,000 after buying an additional 944,382 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Kosmos Energy by 421.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 80,754 shares of the oil and gas producer's stock worth $276,000 after purchasing an additional 65,256 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Kosmos Energy by 24.9% during the fourth quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer's stock worth $67,000 after purchasing an additional 3,932 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Kosmos Energy during the fourth quarter worth about $248,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

Insider Activity

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the sale, the director directly owned 29,921 shares of the company's stock, valued at approximately $54,157.01. The trade was a 48.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.02% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on KOS shares. The Goldman Sachs Group cut their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Mizuho cut their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Benchmark reissued a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Finally, Wall Street Zen raised shares of Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Kosmos Energy presently has an average rating of "Moderate Buy" and an average price target of $4.93.

Kosmos Energy Stock Performance

KOS opened at $1.81 on Wednesday. The firm has a market capitalization of $863.25 million, a PE ratio of -5.47 and a beta of 1.49. Kosmos Energy Ltd. has a twelve month low of $1.39 and a twelve month high of $5.08. The firm's 50-day moving average price is $1.96 and its 200 day moving average price is $2.05. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). The business had revenue of $393.52 million for the quarter, compared to analyst estimates of $444.26 million. Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%. As a group, sell-side analysts expect that Kosmos Energy Ltd. will post 0.42 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.

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