Kosmos Energy Ltd. $KOS Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its stake in Kosmos Energy Ltd. by 40.2%, acquiring an additional 3,127,003 shares, now holding a total of 10,898,600 shares valued at approximately $24.8 million.
• Several institutional investors have also been active in trading Kosmos Energy shares, with notable increases including Millennium Management LLC growing its holdings by 78.2% during the 4th quarter.
• Kosmos Energy reported a miss in earnings expectations, with an EPS of ($0.19) against a consensus estimate of ($0.06), alongside a negative net margin of 10.74%.

Invesco Ltd. boosted its stake in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 40.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,898,600 shares of the oil and gas producer's stock after purchasing an additional 3,127,003 shares during the quarter. Invesco Ltd. owned about 2.28% of Kosmos Energy worth $24,849,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KOS. Boothbay Fund Management LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at approximately $45,000. Inscription Capital LLC purchased a new stake in Kosmos Energy in the first quarter valued at approximately $46,000. Sapient Capital LLC grew its holdings in Kosmos Energy by 125.4% in the first quarter. Sapient Capital LLC now owns 24,161 shares of the oil and gas producer's stock valued at $55,000 after purchasing an additional 13,441 shares during the period. Park Avenue Securities LLC purchased a new stake in Kosmos Energy during the first quarter worth approximately $63,000. Finally, Signaturefd LLC grew its stake in Kosmos Energy by 200.6% during the first quarter. Signaturefd LLC now owns 27,581 shares of the oil and gas producer's stock worth $63,000 after buying an additional 18,405 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on KOS shares. The Goldman Sachs Group decreased their price objective 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 decreased their price objective 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. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. Finally, Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $4.93.

Kosmos Energy Stock Down 4.0%

Shares of KOS stock traded down $0.08 on Tuesday, hitting $1.81. The stock had a trading volume of 7,341,668 shares, compared to its average volume of 10,194,958. The firm has a market capitalization of $863.24 million, a price-to-earnings ratio of -5.47 and a beta of 1.49. The stock's 50 day moving average is $1.96 and its 200-day moving average is $2.05. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.25 and a current ratio of 0.45. Kosmos Energy Ltd. has a 52-week low of $1.39 and a 52-week high of $5.08.

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

Insider Buying and Selling at Kosmos Energy

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the company's stock in a transaction 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 completion of the transaction, the director directly owned 29,921 shares in the company, valued at approximately $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.02% of the company's stock.

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.