KLP Kapitalforvaltning AS Reduces Position in Kosmos Energy Ltd. (NYSE:KOS)

KLP Kapitalforvaltning AS reduced its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 19.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,600 shares of the oil and gas producer’s stock after selling 20,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Kosmos Energy were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Disciplined Investors L.L.C. acquired a new stake in Kosmos Energy in the 4th quarter valued at about $36,000. Boothbay Fund Management LLC purchased a new stake in shares of Kosmos Energy in the fourth quarter valued at approximately $45,000. Inscription Capital LLC purchased a new stake in shares of Kosmos Energy in the first quarter valued at approximately $46,000. Sapient Capital LLC increased its holdings in shares of Kosmos Energy by 125.4% in the first quarter. Sapient Capital LLC now owns 24,161 shares of the oil and gas producer’s stock valued at $55,000 after purchasing an additional 13,441 shares during the last quarter. Finally, RPO LLC purchased a new position in Kosmos Energy during the fourth quarter worth approximately $59,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Price Performance

NYSE:KOS opened at $2.15 on Friday. Kosmos Energy Ltd. has a 52 week low of $1.38 and a 52 week high of $5.66. The stock’s fifty day moving average is $1.99 and its two-hundred day moving average is $2.25. The company has a market capitalization of $1.03 billion, a P/E ratio of -71.48 and a beta of 1.44. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 2.59.

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). The business 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%. Equities analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KOS shares. The Goldman Sachs Group lowered their price objective on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Wall Street Zen upgraded Kosmos Energy to a “sell” rating in a report on Friday, May 16th. Mizuho lowered their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Finally, Benchmark restated a “hold” rating on shares of Kosmos Energy in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.93.

Insiders Place Their Bets

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the sale, the director directly owned 29,921 shares of the company’s stock, valued at approximately $54,157.01. The trade was a 48.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.99% of the stock is currently owned by company insiders.

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.