Park Avenue Securities LLC Makes New Investment in Kosmos Energy Ltd. (NYSE:KOS)

Park Avenue Securities LLC acquired a new stake in Kosmos Energy Ltd. (NYSE:KOS) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,448 shares of the oil and gas producer’s stock, valued at approximately $63,000.

Other hedge funds have also modified their holdings of the company. Encompass Capital Advisors LLC purchased a new position in Kosmos Energy in the fourth quarter valued at $35,723,000. Patient Capital Management LLC increased its holdings in Kosmos Energy by 81.6% in the fourth quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock valued at $58,645,000 after buying an additional 7,707,707 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Kosmos Energy by 22.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after buying an additional 5,906,210 shares during the last quarter. William Blair Investment Management LLC increased its holdings in Kosmos Energy by 28.1% in the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock valued at $64,104,000 after buying an additional 4,114,499 shares during the last quarter. Finally, Equinox Partners Investment Management LLC increased its holdings in Kosmos Energy by 39.2% in the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after buying an additional 3,218,394 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Trading Down 2.4%

Shares of KOS stock opened at $2.20 on Tuesday. Kosmos Energy Ltd. has a 12-month low of $1.39 and a 12-month high of $5.97. The company has a market capitalization of $1.05 billion, a P/E ratio of 4.99, a P/E/G ratio of 5.24 and a beta of 1.44. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The firm has a 50-day moving average price of $1.77 and a 200 day moving average price of $2.55.

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

Insiders Place Their Bets

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1.81, for a total transaction of $50,540.63. Following the sale, the director now directly owns 29,921 shares in the company, valued at $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KOS shares. Wall Street Zen raised Kosmos Energy to a “sell” rating in a report on Friday, May 16th. The Goldman Sachs Group lowered their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Monday, May 19th. Mizuho lowered their price objective on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Benchmark restated a “hold” rating on shares of Kosmos Energy in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.93.

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.