Kosmos Energy Ltd. $KOS Stock: M&G PLC Increases Stake

Key Points

• M&G PLC increased its Kosmos Energy stake by 18.6% in the third quarter, adding 1.38 million shares to hold about 8.79 million shares, or 1.48% of the company.
• Kosmos reported quarterly EPS of $0.06, below the $0.13 analyst consensus, and revenue of $410.1 million versus expectations of $466.1 million.
• Analyst sentiment is cautious: MarketBeat’s consensus rating is “Reduce,” with an average price target of $2.37; the stock was reported down 1.9% and opened at $2.07.

M&G PLC grew its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,791,292 shares of the oil and gas producer's stock after purchasing an additional 1,381,605 shares during the quarter. M&G PLC owned approximately 1.48% of Kosmos Energy worth $22,330,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KOS. Swiss Life Asset Management Ltd boosted its holdings in shares of Kosmos Energy by 12.2% in the 2nd quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer's stock worth $82,000 after buying an additional 4,215 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Kosmos Energy by 10.2% during the first quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer's stock worth $130,000 after buying an additional 4,361 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in Kosmos Energy by 62.0% during the third quarter. SBI Securities Co. Ltd. now owns 11,453 shares of the oil and gas producer's stock worth $29,000 after buying an additional 4,382 shares during the last quarter. GTS Securities LLC increased its holdings in Kosmos Energy by 23.8% during the second quarter. GTS Securities LLC now owns 28,584 shares of the oil and gas producer's stock worth $60,000 after buying an additional 5,499 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in Kosmos Energy by 7.8% in the second quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer's stock worth $197,000 after acquiring an additional 6,757 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Stock Down 1.9%

KOS opened at $2.07 on Tuesday. The company has a 50 day moving average of $2.70 and a 200 day moving average of $2.53. The company has a market cap of $1.23 billion, a PE ratio of -2.07, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78. Kosmos Energy Ltd. has a 12 month low of $0.84 and a 12 month high of $3.34. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 3.72.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its earnings results on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). The business had revenue of $410.06 million for the quarter, compared to the consensus estimate of $466.11 million. Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.67%. On average, sell-side analysts expect that Kosmos Energy Ltd. will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KOS. Jefferies Financial Group cut shares of Kosmos Energy from a "buy" rating to a "hold" rating and boosted their target price for the company from $2.75 to $2.90 in a research note on Wednesday, October 28th. Stephens decreased their price target on shares of Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating for the company in a research note on Tuesday, July 21st. Wall Street Zen cut shares of Kosmos Energy from a "buy" rating to a "hold" rating in a report on Sunday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kosmos Energy in a research note on Friday, October 30th. Finally, Mizuho upgraded Kosmos Energy to a "strong sell" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $2.37.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas.

Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.

The company's activities include exploration, development and production, as well as marketing the oil and gas produced from its projects.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.