Teacher Retirement System of Texas Takes Position in Kosmos Energy Ltd. (NYSE:KOS)

Teacher Retirement System of Texas acquired a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,988 shares of the oil and gas producer’s stock, valued at approximately $157,000.

Several other hedge funds have also recently modified their holdings of KOS. Encompass Capital Advisors LLC purchased a new stake in Kosmos Energy in the 4th quarter worth approximately $35,723,000. Patient Capital Management LLC raised its stake in shares of Kosmos Energy by 81.6% during the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock worth $58,645,000 after buying an additional 7,707,707 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Kosmos Energy by 22.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock worth $111,586,000 after buying an additional 5,906,210 shares during the period. American Century Companies Inc. raised its stake in shares of Kosmos Energy by 11.3% during the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock worth $101,083,000 after buying an additional 2,997,438 shares during the period. Finally, Barclays PLC raised its stake in shares of Kosmos Energy by 85.0% during the 4th quarter. Barclays PLC now owns 5,611,213 shares of the oil and gas producer’s stock worth $19,190,000 after buying an additional 2,578,431 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

NYSE KOS opened at $2.02 on Monday. The business’s 50-day moving average price is $1.92 and its 200 day moving average price is $2.33. Kosmos Energy Ltd. has a twelve month low of $1.39 and a twelve month high of $5.66. The company has a market capitalization of $963.19 million, a PE ratio of -67.14 and a beta of 1.44. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 2.59.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The firm had revenue of $290.43 million for the quarter, compared to analyst estimates of $338.23 million. Kosmos Energy had a negative return on equity of 0.63% and a negative net margin of 0.80%. On average, research analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KOS has been the subject of a number of recent research reports. The Goldman Sachs Group cut their target price on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Monday, May 19th. Benchmark reaffirmed a “hold” rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Wall Street Zen raised Kosmos Energy to a “sell” rating in a research note on Friday, May 16th. Finally, Mizuho cut their target price 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. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.93.

Insiders Place Their Bets

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the sale, the director owned 29,921 shares of the company’s stock, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.02% of the stock is currently owned by company insiders.

About Kosmos Energy

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.