Raymond James Financial Inc. Acquires 1,318,383 Shares of Kosmos Energy Ltd. $KOS

Key Points

• Raymond James Financial Inc. significantly increased its stake in Kosmos Energy, boosting its holdings by 220.1% in the first quarter, now owning approximately 1.9 million shares valued at $4.37 million.
• Several large investors, including Encompass Capital Advisors and Patient Capital Management, have also increased their investments in Kosmos Energy, with hedge funds and institutional investors owning about 95.33% of the company.
• Kosmos Energy's stock has been downgraded by analysts, with the average target price currently at $4.93, reflecting a mix of Hold, Sell, and Buy ratings from various research firms.

Raymond James Financial Inc. increased its holdings in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 220.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,917,488 shares of the oil and gas producer's stock after buying an additional 1,318,383 shares during the period. Raymond James Financial Inc. owned 0.40% of Kosmos Energy worth $4,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KOS. Inscription Capital LLC acquired a new stake in shares of Kosmos Energy in the first quarter valued at approximately $46,000. Sapient Capital LLC raised its position in shares of 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 buying an additional 13,441 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Kosmos Energy in the first quarter valued at approximately $63,000. Signaturefd LLC raised its position 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 valued at $63,000 after purchasing an additional 18,405 shares in the last quarter. Finally, Stifel Financial Corp raised 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. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Price Performance

Shares of NYSE KOS traded down $0.02 during midday trading on Thursday, reaching $1.73. 7,515,028 shares of the company were exchanged, compared to its average volume of 7,622,248. The stock's 50-day moving average price is $1.90 and its 200-day moving average price is $1.94. The stock has a market cap of $824.99 million, a P/E ratio of -5.23 and a beta of 1.57. Kosmos Energy Ltd. has a one year low of $1.39 and a one year high of $4.69. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). The company had revenue of $393.52 million for the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KOS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. Benchmark restated a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group lowered 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 report on Monday, May 19th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.