Millennium Management LLC Purchases 1,170,074 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Millennium Management LLC raised its position in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 78.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,665,589 shares of the oil and gas producer's stock after buying an additional 1,170,074 shares during the quarter. Millennium Management LLC owned 0.56% of Kosmos Energy worth $9,116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new position in Kosmos Energy in the 4th quarter valued at $34,000. Disciplined Investors L.L.C. acquired a new position in Kosmos Energy in the 4th quarter valued at $36,000. Sapient Capital LLC acquired a new stake in shares of Kosmos Energy during the 4th quarter worth $37,000. Boothbay Fund Management LLC acquired a new stake in shares of Kosmos Energy during the 4th quarter worth $45,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Kosmos Energy during the 4th quarter worth $58,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KOS shares. Wall Street Zen raised Kosmos Energy to a "sell" rating in a report on Friday, May 16th. Mizuho lowered their price objective on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. The Goldman Sachs Group lowered their price objective on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Finally, Benchmark downgraded Kosmos Energy from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.93.

Kosmos Energy Stock Up 0.9%

Shares of NYSE KOS traded up $0.02 during midday trading on Thursday, hitting $1.71. 4,774,585 shares of the stock traded hands, compared to its average volume of 8,528,773. The company has a market cap of $815.01 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. The business has a 50 day moving average price of $1.80 and a two-hundred day moving average price of $2.75. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The firm had revenue of $290.43 million for the quarter, compared to the consensus estimate of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. On average, equities analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current 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.