Squarepoint Ops LLC Acquires 1,225,813 Shares of Kosmos Energy Ltd. $KOS

Key Points

• Squarepoint Ops LLC increased its Kosmos Energy stake by 813.3% in the second quarter, acquiring 1,225,813 additional shares for a total of 1,376,536 shares. Hedge funds and institutional investors collectively own 95.33% of the company.
• Kosmos Energy reported quarterly EPS of $0.11, exceeding analysts’ $0.09 estimate, while revenue of $607.25 million also surpassed expectations. The company remains unprofitable overall, with a negative net margin of 33.98%.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $2.53 price target. The stock opened at $3.00 and has traded between $0.84 and $3.34 over the past year.

Squarepoint Ops LLC grew its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 813.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,376,536 shares of the oil and gas producer's stock after acquiring an additional 1,225,813 shares during the period. Squarepoint Ops LLC owned about 0.23% of Kosmos Energy worth $2,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Kosmos Energy by 56.7% in the 1st quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer's stock worth $884,000 after purchasing an additional 140,261 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kosmos Energy by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer's stock worth $634,000 after buying an additional 12,045 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Kosmos Energy by 21.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer's stock worth $5,793,000 after buying an additional 443,384 shares during the period. Strs Ohio bought a new position in shares of Kosmos Energy in the first quarter worth about $120,000. Finally, Rhumbline Advisers lifted its position in shares of Kosmos Energy by 7.9% during the 2nd quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer's stock valued at $1,237,000 after buying an additional 52,750 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Kosmos Energy Price Performance

NYSE:KOS opened at $3.00 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The business's 50-day simple moving average is $2.59 and its two-hundred day simple moving average is $2.65. The stock has a market cap of $1.79 billion, a PE ratio of -2.52, a P/E/G ratio of 0.20 and a beta of 0.73. Kosmos Energy Ltd. has a 52 week low of $0.84 and a 52 week high of $3.34.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%.The firm had revenue of $607.25 million during the quarter, compared to analyst estimates of $483.23 million. As a group, analysts forecast that Kosmos Energy Ltd. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Kosmos Energy from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Weiss Ratings restated a "sell (d-)" rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Mizuho raised shares of Kosmos Energy to a "strong sell" rating in a report on Friday, July 31st. Stephens lowered their price target on shares of Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating on the stock in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada lowered shares of Kosmos Energy to a "neutral" rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $2.53.

Insider Buying and Selling

In other Kosmos Energy news, CFO Nealesh D. Shah sold 45,980 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $94,259.00. Following the completion of the sale, the chief financial officer directly owned 1,935,410 shares of the company's stock, valued at $3,967,590.50. This trade represents a 2.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Josh R. Marion sold 24,969 shares of Kosmos Energy stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $51,186.45. Following the sale, the senior vice president owned 233,404 shares in the company, valued at approximately $478,478.20. The trade was a 9.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 169,012 shares of company stock valued at $346,475. Corporate insiders own 1.90% of the company's stock.

Kosmos Energy Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. The company focuses on finding, developing and producing oil and natural gas resources, with an emphasis on offshore assets in emerging and established energy regions.

Kosmos has historically concentrated its operations along the Atlantic margins of West Africa, including interests in Ghana, Equatorial Guinea and the waters offshore Mauritania and Senegal. Its activities have included exploration, field development and production of crude oil and natural gas, as well as participation in projects designed to supply natural gas for liquefied natural gas (LNG) production and domestic markets.

Founded in 2003, Kosmos was involved in the discovery and development of major petroleum resources offshore Ghana, including the Jubilee and TEN fields.

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