Nomura Holdings Inc. Trims Holdings in Kosmos Energy Ltd. $KOS

Key Points

• Nomura Holdings Inc. has decreased its stake in Kosmos Energy Ltd. by 7.5%, selling 176,547 shares, and now owns 2,177,685 shares valued at approximately $4.97 million.
• Analysts have recently downgraded Kosmos Energy, with Mizuho and Goldman Sachs lowering their target prices and ratings to "neutral" and "buy," respectively.
• CEO John Douglas Kelso Grant sold 27,923 shares at an average price of $1.81, resulting in a significant decrease in his ownership by 48.27%.

Nomura Holdings Inc. lowered its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,177,685 shares of the oil and gas producer's stock after selling 176,547 shares during the period. Nomura Holdings Inc. owned about 0.46% of Kosmos Energy worth $4,965,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC bought a new stake in Kosmos Energy during the fourth quarter valued at about $45,000. Vident Advisory LLC bought a new stake in Kosmos Energy during the first quarter valued at about $30,000. Stifel Financial Corp boosted its position in Kosmos Energy by 24.9% during the fourth quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer's stock valued at $67,000 after purchasing an additional 3,932 shares in the last quarter. Inscription Capital LLC bought a new stake in Kosmos Energy during the first quarter valued at about $46,000. Finally, Sapient Capital LLC boosted its position in Kosmos Energy by 125.4% during 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 in the last quarter. Institutional investors own 95.33% of the company's stock.

Analysts Set New Price Targets

KOS has been the topic of a number of recent research reports. Benchmark reaffirmed a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. The Goldman Sachs Group dropped their price objective on 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 raised Kosmos Energy to a "sell" rating in a report on Friday, May 16th. Finally, Mizuho lowered their price target on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $4.93.

Kosmos Energy Stock Down 4.7%

NYSE KOS traded down $0.08 during trading on Friday, hitting $1.64. The company's stock had a trading volume of 7,181,219 shares, compared to its average volume of 8,060,327. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25. The company has a market cap of $784.33 million, a PE ratio of -4.97 and a beta of 1.57. The business's 50 day simple moving average is $1.92 and its 200-day simple moving average is $1.98. Kosmos Energy Ltd. has a fifty-two week low of $1.39 and a fifty-two week high of $4.69.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly 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 business had revenue of $393.52 million during the quarter, compared to analyst estimates of $444.26 million. Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%. On average, equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

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.