WESPAC Advisors LLC Buys New Holdings in Kosmos Energy Ltd. $KOS

Key Points

• WESPAC Advisors LLC initiated a 357,043-share position in Kosmos Energy valued at approximately $907,000, while institutional investors collectively own 95.33% of the company.
• Analyst sentiment remains cautious: Kosmos has a consensus rating of “Reduce”, with one Buy, three Hold, and four Sell ratings and a $2.28 average price target.
• KOS shares opened at $2.87, within a 12-month range of $0.84 to $3.34. The company recently reported quarterly EPS of $0.11, beating estimates of $0.09, and revenue of $607.25 million.

WESPAC Advisors LLC bought a new position in Kosmos Energy Ltd. (NYSE:KOS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 357,043 shares of the oil and gas producer's stock, valued at approximately $907,000. WESPAC Advisors LLC owned 0.06% of Kosmos Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC grew its holdings in Kosmos Energy by 15.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 397,775 shares of the oil and gas producer's stock worth $1,010,000 after acquiring an additional 53,496 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Kosmos Energy by 52.2% in the third quarter. Inspire Investing LLC now owns 496,529 shares of the oil and gas producer's stock worth $1,261,000 after purchasing an additional 170,398 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Kosmos Energy by 62.0% in the third quarter. SBI Securities Co. Ltd. now owns 11,453 shares of the oil and gas producer's stock worth $29,000 after purchasing an additional 4,382 shares during the last quarter. Abel Hall LLC purchased a new position in Kosmos Energy during the 3rd quarter valued at about $35,000. Finally, Sanders Morris Harris LLC increased its holdings in Kosmos Energy by 9.9% during the 3rd quarter. Sanders Morris Harris LLC now owns 78,000 shares of the oil and gas producer's stock valued at $207,000 after purchasing an additional 7,000 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KOS. Mizuho upgraded Kosmos Energy to a "strong sell" rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Kosmos Energy from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kosmos Energy in a report on Monday, August 3rd. Finally, Stephens reduced their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating on the stock in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $2.28.

Kosmos Energy Price Performance

Shares of KOS stock opened at $2.87 on Tuesday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -2.41, a PEG ratio of 0.17 and a beta of 0.88. The business's fifty day moving average is $2.77 and its 200 day moving average is $2.46. Kosmos Energy Ltd. has a twelve month low of $0.84 and a twelve month high of $3.34. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $607.25 million during the quarter, compared to analyst estimates of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. Research analysts expect that Kosmos Energy Ltd. will post 0.57 EPS for the current fiscal year.

About Kosmos Energy

Kosmos Energy Ltd. NYSE: KOS is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.

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