Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Kosmos Energy Ltd (NYSE:KOS) by 25.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,877,832 shares of the oil and gas producer’s stock after acquiring an additional 1,409,272 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.77% of Kosmos Energy worth $54,747,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC bought a new position in shares of Kosmos Energy during the 3rd quarter valued at approximately $118,000. Teacher Retirement System of Texas lifted its holdings in Kosmos Energy by 24.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after purchasing an additional 3,778 shares in the last quarter. Comerica Bank lifted its holdings in Kosmos Energy by 19.3% in the 2nd quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 3,626 shares in the last quarter. QS Investors LLC lifted its holdings in Kosmos Energy by 192.3% in the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock worth $146,000 after purchasing an additional 15,000 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Kosmos Energy by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after purchasing an additional 7,144 shares in the last quarter.
In other news, Director Yves-Louis Darricarrere sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $8.57, for a total transaction of $119,980.00. Following the sale, the director now directly owns 65,191 shares of the company’s stock, valued at approximately $558,686.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.
A number of research firms recently commented on KOS. Bank of America began coverage on Kosmos Energy in a report on Friday, September 29th. They issued a “neutral” rating and a $9.00 price target on the stock. Goldman Sachs Group reissued a “neutral” rating and issued a $9.00 price target on shares of Kosmos Energy in a report on Thursday. Zacks Investment Research cut Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. Howard Weil raised Kosmos Energy from a “sector perform” rating to a “sector outperform” rating and set a $12.00 price target on the stock in a report on Thursday, October 26th. Finally, Barclays boosted their price target on Kosmos Energy from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $9.55.
Shares of Kosmos Energy Ltd (KOS) opened at $6.75 on Friday. Kosmos Energy Ltd has a twelve month low of $5.53 and a twelve month high of $8.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 1.66.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). The firm had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $149.10 million. Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The firm’s revenue was up 126.9% on a year-over-year basis. During the same period last year, the company earned ($0.09) earnings per share. research analysts anticipate that Kosmos Energy Ltd will post -0.35 earnings per share for the current year.
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Kosmos Energy Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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