Kosmos Energy Ltd. (NYSE:KOS) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 78.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,665,589 shares of the oil and gas producer’s stock after purchasing an additional 1,170,074 shares during the period. Millennium Management LLC owned about 0.56% of Kosmos Energy worth $9,116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new position in Kosmos Energy during the fourth quarter worth approximately $34,000. Disciplined Investors L.L.C. purchased a new position in shares of Kosmos Energy during the fourth quarter worth approximately $36,000. Sapient Capital LLC acquired a new position in shares of Kosmos Energy in the 4th quarter valued at $37,000. Boothbay Fund Management LLC purchased a new stake in Kosmos Energy in the 4th quarter valued at $45,000. Finally, Ballentine Partners LLC purchased a new stake in Kosmos Energy in the 4th quarter valued at $58,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on KOS. Benchmark lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Mizuho decreased their price target on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their price objective on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded shares of Kosmos Energy to a “sell” rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.93.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $1.64 on Monday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. Kosmos Energy Ltd. has a one year low of $1.39 and a one year high of $6.22. The firm has a market capitalization of $781.54 million, a P/E ratio of 3.72, a PEG ratio of 5.24 and a beta of 1.46. The company’s fifty day moving average is $1.83 and its two-hundred day moving average is $2.78.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The company had revenue of $290.43 million for the quarter, compared to analysts’ expectations of $338.23 million. Analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Kosmos Energy 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.