Kosmos Energy Ltd. (NYSE:KOS) Shares Bought by M&G Plc

M&G Plc lifted its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 20.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,911,844 shares of the oil and gas producer’s stock after buying an additional 983,623 shares during the period. M&G Plc owned approximately 1.25% of Kosmos Energy worth $23,647,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Kosmos Energy by 28.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,331,131 shares of the oil and gas producer’s stock worth $19,853,000 after acquiring an additional 729,148 shares during the period. Graham Capital Wealth Management LLC acquired a new stake in Kosmos Energy in the third quarter valued at about $2,443,000. Vanguard Group Inc. lifted its position in Kosmos Energy by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock valued at $77,328,000 after purchasing an additional 258,460 shares during the period. Millennium Management LLC boosted its holdings in Kosmos Energy by 34.9% in the 2nd quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock valued at $12,976,000 after purchasing an additional 606,195 shares in the last quarter. Finally, Boston Partners increased its position in Kosmos Energy by 31.9% during the 1st quarter. Boston Partners now owns 5,811,018 shares of the oil and gas producer’s stock worth $34,589,000 after purchasing an additional 1,405,359 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KOS. Bank of America decreased their price target on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Mizuho assumed coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target on the stock. Benchmark reduced their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday. Sanford C. Bernstein dropped their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.60.

Kosmos Energy Trading Down 4.7 %

Shares of KOS opened at $3.62 on Friday. Kosmos Energy Ltd. has a 1-year low of $3.55 and a 1-year high of $7.20. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. The firm has a 50 day simple moving average of $4.14 and a 200-day simple moving average of $5.04. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 0.45 and a beta of 2.42.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The company had revenue of $450.94 million during the quarter. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.91%. Equities analysts forecast that Kosmos Energy Ltd. will post 0.46 EPS 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.