Equinox Partners Investment Management LLC Sells 1,039,289 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Equinox Partners Investment Management LLC lessened its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 16.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,230,829 shares of the oil and gas producer’s stock after selling 1,039,289 shares during the period. Kosmos Energy accounts for approximately 25.3% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 2nd biggest position. Equinox Partners Investment Management LLC owned about 1.11% of Kosmos Energy worth $31,176,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KOS. Jennison Associates LLC lifted its holdings in shares of Kosmos Energy by 81.7% in the 4th quarter. Jennison Associates LLC now owns 5,736,668 shares of the oil and gas producer’s stock worth $38,493,000 after purchasing an additional 2,580,191 shares during the last quarter. Weiss Asset Management LP bought a new position in Kosmos Energy during the fourth quarter valued at about $14,762,000. PointState Capital LP acquired a new stake in shares of Kosmos Energy in the 3rd quarter valued at $16,123,000. Patient Capital Management LLC increased its holdings in shares of Kosmos Energy by 19.7% during the fourth quarter. Patient Capital Management LLC now owns 6,363,423 shares of the oil and gas producer’s stock worth $42,699,000 after buying an additional 1,046,091 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Kosmos Energy by 31.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 3,800,000 shares of the oil and gas producer’s stock valued at $31,084,000 after purchasing an additional 900,000 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KOS. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Benchmark reiterated a “buy” rating and set a $8.00 price objective on shares of Kosmos Energy in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.30.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock traded up $0.06 on Thursday, hitting $5.49. 1,025,968 shares of the company traded hands, compared to its average volume of 6,910,655. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.64 and a current ratio of 0.91. The business has a 50-day simple moving average of $5.78 and a 200 day simple moving average of $6.01. The stock has a market capitalization of $2.59 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.43 and a beta of 2.39. Kosmos Energy Ltd. has a 52 week low of $5.07 and a 52 week high of $8.28.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $0.19 earnings per share for the quarter. The company had revenue of $419.14 million during the quarter. Kosmos Energy had a net margin of 12.85% and a return on equity of 39.32%. Research analysts expect that Kosmos Energy Ltd. will post 0.72 earnings per share for the current fiscal year.

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.