Royce & Associates LP Raises Stake in Kosmos Energy Ltd. (NYSE:KOS)

Key Points

• Royce & Associates LP increased its stake in Kosmos Energy by 11.1% in Q1, owning approximately 0.41% of the company, valued at $4.49 million.
• Kosmos Energy reported a quarterly loss of ($0.22) earnings per share, missing analysts' expectations, with revenue of $290.43 million, below the consensus estimate.
• Analysts have provided mixed ratings on Kosmos Energy, with an average target price of $4.93 and a distribution of ratings ranging from "sell" to "buy".

Royce & Associates LP raised its stake in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,970,260 shares of the oil and gas producer's stock after purchasing an additional 196,570 shares during the quarter. Royce & Associates LP owned approximately 0.41% of Kosmos Energy worth $4,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Stifel Financial Corp grew its position in shares of Kosmos Energy by 24.9% in the 4th quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer's stock valued at $67,000 after buying an additional 3,932 shares during the last quarter. Xponance Inc. raised its stake in shares of Kosmos Energy by 21.1% in the fourth quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer's stock worth $127,000 after purchasing an additional 6,460 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Kosmos Energy by 17.0% in the first quarter. Cerity Partners LLC now owns 45,840 shares of the oil and gas producer's stock valued at $105,000 after acquiring an additional 6,649 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kosmos Energy by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 266,037 shares of the oil and gas producer's stock worth $910,000 after buying an additional 9,928 shares during the last quarter. Finally, Smith Moore & CO. increased its position in Kosmos Energy by 52.2% in the fourth quarter. Smith Moore & CO. now owns 29,144 shares of the oil and gas producer's stock worth $100,000 after buying an additional 9,999 shares during the last quarter. Institutional investors own 95.33% of the company's stock.

Insider Activity at Kosmos Energy

In other Kosmos Energy 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 in the company, valued at $54,157.01. This represents a 48.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.99% of the company's stock.

Kosmos Energy Stock Performance

Shares of KOS traded down $0.03 during trading hours on Thursday, reaching $2.18. 3,561,711 shares of the company traded hands, compared to its average volume of 10,189,650. The stock has a market capitalization of $1.04 billion, a P/E ratio of -72.48 and a beta of 1.44. The business has a fifty day moving average price of $1.97 and a 200-day moving average price of $2.26. Kosmos Energy Ltd. has a 12-month low of $1.38 and a 12-month high of $5.66. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 2.59.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a negative return on equity of 0.63% and a negative net margin of 0.80%. The company had revenue of $290.43 million for the quarter, compared to analysts' expectations of $338.23 million. Equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on KOS. The Goldman Sachs Group dropped their price objective on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Benchmark reaffirmed a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Mizuho dropped their price target on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $4.93.

About Kosmos Energy

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.