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% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,911,844 shares of the oil and gas producer’s stock after purchasing an additional 983,623 shares during the quarter. M&G Plc’s holdings in Kosmos Energy were worth $23,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KOS. Rothschild Investment LLC purchased a new position in Kosmos Energy during the second quarter worth approximately $26,000. CWM LLC raised its position in shares of Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 2,969 shares during the period. Covestor Ltd boosted its holdings in Kosmos Energy by 35,360.9% in the first quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 8,133 shares during the last quarter. Signaturefd LLC grew its position in Kosmos Energy by 39,777.8% during the third quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock valued at $43,000 after acquiring an additional 10,740 shares during the period. Finally, InTrack Investment Management Inc acquired a new stake in Kosmos Energy during the third quarter worth about $44,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

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

Kosmos Energy Stock Performance

Shares of KOS stock opened at $3.62 on Friday. 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 company’s fifty day moving average price is $4.14 and its two-hundred day moving average price is $5.04. The firm has a market capitalization of $1.71 billion, a P/E ratio of 8.23, a P/E/G ratio of 0.45 and a beta of 2.42. Kosmos Energy Ltd. has a 12 month low of $3.55 and a 12 month high of $7.20.

Kosmos Energy (NYSE:KOS) last posted 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 business had revenue of $450.94 million for the quarter. Kosmos Energy had a return on equity of 31.91% and a net margin of 12.21%. On average, research analysts anticipate that Kosmos Energy Ltd. will post 0.46 earnings per share for the current fiscal year.

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.