Hotchkis & Wiley Capital Management LLC Acquires 2,110,306 Shares of Kosmos Energy Ltd. $KOS

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Kosmos Energy Ltd. by 9.0%, owning 25,527,101 shares worth approximately $58,202,000 as of the end of the most recent quarter.
• Analysts' ratings for Kosmos Energy are mixed, with Goldman Sachs lowering their price target to $3.00 and maintaining a "buy" rating, while the consensus rating remains a "Moderate Buy" with a target price of $4.93.
• Kosmos Energy reported a quarterly loss with an EPS of ($0.19), missing analysts' expectations, and generated revenue of $393.52 million, below the forecast of $444.26 million.

Hotchkis & Wiley Capital Management LLC grew its stake in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,527,101 shares of the oil and gas producer's stock after purchasing an additional 2,110,306 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 5.34% of Kosmos Energy worth $58,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boothbay Fund Management LLC acquired a new stake in shares of Kosmos Energy during the 4th quarter valued at about $45,000. Inscription Capital LLC acquired a new stake in shares of Kosmos Energy during the 1st quarter valued at about $46,000. Sapient Capital LLC boosted its position 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 valued at $55,000 after acquiring an additional 13,441 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Kosmos Energy during the 1st quarter valued at about $63,000. Finally, Signaturefd LLC boosted its position in shares of Kosmos Energy by 200.6% during the 1st quarter. Signaturefd LLC now owns 27,581 shares of the oil and gas producer's stock valued at $63,000 after acquiring an additional 18,405 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Price Performance

KOS stock traded up $0.03 during trading on Wednesday, hitting $1.83. 6,109,883 shares of the stock traded hands, compared to its average volume of 10,221,092. Kosmos Energy Ltd. has a one year low of $1.39 and a one year high of $5.08. The stock has a market cap of $872.81 million, a price-to-earnings ratio of -5.53 and a beta of 1.49. The company has a 50 day simple moving average of $1.96 and a 200 day simple moving average of $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 announced 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). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The firm had revenue of $393.52 million for the quarter, compared to the consensus estimate of $444.26 million. Equities analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

KOS has been the topic of several recent research reports. The Goldman Sachs Group decreased their target price 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. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Finally, Mizuho decreased their target price 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. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $4.93.

Insider Activity at Kosmos Energy

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total transaction of $50,540.63. Following the sale, the director directly owned 29,921 shares of the company's stock, valued at $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.02% of the stock is owned by company insiders.

Kosmos Energy 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.