Ameriprise Financial Inc. grew its stake in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 16.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,052,533 shares of the oil and gas producer's stock after acquiring an additional 282,363 shares during the quarter. Ameriprise Financial Inc. owned 0.43% of Kosmos Energy worth $7,020,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Kosmos Energy by 103.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,272,525 shares of the oil and gas producer's stock worth $4,352,000 after buying an additional 647,921 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Kosmos Energy by 11.3% in the fourth quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer's stock worth $101,083,000 after buying an additional 2,997,438 shares in the last quarter. Barclays PLC lifted its stake in shares of Kosmos Energy by 85.0% in the fourth quarter. Barclays PLC now owns 5,611,213 shares of the oil and gas producer's stock worth $19,190,000 after buying an additional 2,578,431 shares in the last quarter. Equinox Partners Investment Management LLC lifted its stake in shares of Kosmos Energy by 39.2% in the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer's stock worth $39,063,000 after buying an additional 3,218,394 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Kosmos Energy by 33.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 536,870 shares of the oil and gas producer's stock worth $1,836,000 after buying an additional 133,704 shares in the last quarter. 95.33% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have recently issued reports on KOS. Benchmark downgraded shares of Kosmos Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group lowered their price objective on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Mizuho lowered their price objective on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.93.
Get Our Latest Stock Report on Kosmos Energy
Kosmos Energy Stock Performance
KOS traded down $0.01 during trading on Wednesday, hitting $1.72. The company's stock had a trading volume of 657,703 shares, compared to its average volume of 8,503,794. The business's 50 day simple moving average is $1.81 and its 200-day simple moving average is $2.76. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The firm has a market cap of $819.79 million, a PE ratio of 3.88, a P/E/G ratio of 5.24 and a beta of 1.46. Kosmos Energy Ltd. has a one year low of $1.39 and a one year high of $6.22.
Kosmos Energy (NYSE:KOS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The company had revenue of $290.43 million for the quarter, compared to analysts' expectations of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. As a group, sell-side analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.
About Kosmos Energy
(
Free Report)
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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