Ameriprise Financial Inc. Buys 282,363 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Ameriprise Financial Inc. raised its stake in Kosmos Energy Ltd. (NYSE:KOS) by 16.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,052,533 shares of the oil and gas producer’s stock after purchasing an additional 282,363 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.43% of Kosmos Energy worth $7,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. VSM Wealth Advisory LLC bought a new position in shares of Kosmos Energy during the 4th quarter worth approximately $34,000. Disciplined Investors L.L.C. bought a new position in shares of Kosmos Energy during the 4th quarter worth approximately $36,000. Sapient Capital LLC bought a new position in shares of Kosmos Energy during the 4th quarter worth approximately $37,000. Boothbay Fund Management LLC bought a new position in shares of Kosmos Energy during the 4th quarter worth approximately $45,000. Finally, Ballentine Partners LLC bought a new position in shares of Kosmos Energy during the 4th quarter worth approximately $58,000. 95.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KOS has been the subject of several recent research reports. Mizuho reduced their price target on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Wall Street Zen upgraded Kosmos Energy to a “sell” rating in a research note on Friday, May 16th. Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group reduced their price target on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kosmos Energy currently has an average rating of “Hold” and an average price target of $4.93.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $1.58 on Friday. The stock has a market capitalization of $752.86 million, a PE ratio of 3.58, a P/E/G ratio of 5.24 and a beta of 1.46. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The business has a fifty day moving average price of $1.85 and a two-hundred day moving average price of $2.81. Kosmos Energy Ltd. has a fifty-two week low of $1.39 and a fifty-two week high of $6.22.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The company had revenue of $290.43 million during the quarter, compared to analyst estimates of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. As a group, equities analysts predict that Kosmos Energy Ltd. will post 0.42 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.