California State Teachers Retirement System increased its stake in shares of Kosmos Energy Ltd (NYSE:KOS) by 9.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 385,583 shares of the oil and gas producer’s stock after purchasing an additional 34,492 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of Kosmos Energy worth $3,069,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Quantitative Systematic Strategies LLC bought a new position in Kosmos Energy during the third quarter worth $118,000. Comerica Bank increased 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 valued at $140,000 after buying an additional 3,626 shares during the period. QS Investors LLC increased 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 valued at $146,000 after buying an additional 15,000 shares during the period. JPMorgan Chase & Co. increased 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 valued at $169,000 after buying an additional 7,144 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in Kosmos Energy in the 2nd quarter valued at $194,000.
KOS has been the topic of several analyst reports. Zacks Investment Research raised shares of Kosmos Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 20th. BMO Capital Markets restated a “buy” rating and issued a $9.00 target price on shares of Kosmos Energy in a research note on Wednesday, September 27th. Bank of America initiated coverage on shares of Kosmos Energy in a research note on Friday, September 29th. They issued a “neutral” rating and a $9.00 target price on the stock. Jefferies Group downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, TheStreet upgraded shares of Kosmos Energy from a “d+” rating to a “c-” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.45.
Shares of Kosmos Energy Ltd (KOS) opened at $6.98 on Thursday. Kosmos Energy Ltd has a 52 week low of $5.53 and a 52 week 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. The stock has a market capitalization of $2,670.98, a P/E ratio of -17.45 and a beta of 1.57.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $151.20 million for the quarter, compared to the consensus estimate of $149.10 million. Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. Kosmos Energy’s revenue for the quarter was up 126.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) earnings per share. analysts anticipate that Kosmos Energy Ltd will post -0.33 earnings per share for the current year.
In other news, Director Yves-Louis Darricarrere sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $8.57, for a total transaction of $119,980.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is owned by company insiders.
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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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