US Bancorp DE Cuts Stock Holdings in Kosmos Energy Ltd. $KOS

Key Points

• US Bancorp DE significantly reduced its stake in Kosmos Energy Ltd. by 94.6% in the first quarter, holding only 26,632 shares by the end of the period.
• Kosmos Energy reported a quarterly loss of ($0.19) EPS, missing analysts' expectations, along with revenues of $393.52 million which also fell short of estimates.
• Research analysts currently have a consensus rating of "Hold" on Kosmos Energy, with target prices varying from $3.00 to $4.93.

US Bancorp DE lessened its holdings in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 94.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,632 shares of the oil and gas producer's stock after selling 467,987 shares during the quarter. US Bancorp DE's holdings in Kosmos Energy were worth $61,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KOS. Boothbay Fund Management LLC purchased a new position in shares of Kosmos Energy during the fourth quarter worth about $45,000. Stifel Financial Corp grew its holdings in shares of 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 worth $67,000 after purchasing an additional 3,932 shares during the last quarter. Perbak Capital Partners LLP purchased a new position in shares of Kosmos Energy during the fourth quarter worth about $68,000. Inscription Capital LLC purchased a new position in shares of Kosmos Energy during the first quarter worth about $46,000. Finally, Sapient Capital LLC grew its holdings in shares of 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 worth $55,000 after purchasing an additional 13,441 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Kosmos Energy Price Performance

Shares of NYSE:KOS opened at $1.75 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56. The company has a market cap of $836.94 million, a P/E ratio of -5.30 and a beta of 1.49. Kosmos Energy Ltd. has a 52 week low of $1.39 and a 52 week high of $5.08. The company has a 50-day moving average price of $2.00 and a 200 day moving average price of $2.10.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The oil and gas producer reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). The firm had revenue of $393.52 million during the quarter, compared to analyst estimates of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. Research analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Douglas Kelso Grant sold 27,923 shares of Kosmos Energy 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 completion of the sale, the director directly owned 29,921 shares in the company, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.

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