Kosmos Energy Ltd. $KOS Shares Sold by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. reduced its stock position in Kosmos Energy by 29.3%, owning 932,327 shares after selling 387,176 shares in the 2nd quarter.
• Brokerages have mixed opinions on Kosmos Energy, with Mizuho lowering its price target from $3.00 to $2.00 and a consensus rating of "Moderate Buy" with an average price target of $4.77.
• Kosmos Energy reported negative earnings of ($0.19) per share for the last quarter, falling short of analyst estimates and revealing a revenue of $393.52 million, which is below expectations of $444.26 million.

Harbor Capital Advisors Inc. trimmed its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 29.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 932,327 shares of the oil and gas producer's stock after selling 387,176 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.20% of Kosmos Energy worth $1,604,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KOS. Vident Advisory LLC purchased a new stake in Kosmos Energy during the first quarter valued at about $30,000. Inscription Capital LLC acquired a new position in shares of Kosmos Energy in the 1st quarter valued at about $46,000. Sapient Capital LLC grew its holdings in shares of Kosmos Energy by 125.4% during the 1st quarter. Sapient Capital LLC now owns 24,161 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 13,441 shares during the period. Park Avenue Securities LLC acquired a new stake in Kosmos Energy during the 1st quarter worth approximately $63,000. Finally, Signaturefd LLC increased its position in Kosmos Energy by 200.6% during the 1st quarter. Signaturefd LLC now owns 27,581 shares of the oil and gas producer's stock worth $63,000 after purchasing an additional 18,405 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on KOS. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Mizuho reduced their target price on shares of Kosmos Energy from $3.00 to $2.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $2.00 price target (down from $3.00) on shares of Kosmos Energy in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $4.60.

Kosmos Energy Stock Down 0.3%

Shares of NYSE KOS traded down $0.01 during trading on Monday, reaching $1.69. 10,827,100 shares of the stock were exchanged, compared to its average volume of 7,971,923. The company has a market capitalization of $805.85 million, a price-to-earnings ratio of -5.11 and a beta of 1.57. The business's 50-day moving average price is $1.85 and its 200 day moving average price is $1.89. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56. Kosmos Energy Ltd. has a twelve month low of $1.39 and a twelve month high of $4.69.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $393.52 million for the quarter, compared to analysts' expectations 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, equities analysts forecast 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.