Raymond James Financial Inc. Boosts Stock Position in Kosmos Energy Ltd. $KOS

Raymond James Financial Inc. grew its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 220.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,917,488 shares of the oil and gas producer’s stock after purchasing an additional 1,318,383 shares during the period. Raymond James Financial Inc. owned about 0.40% of Kosmos Energy worth $4,372,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC purchased a new stake in shares of Kosmos Energy during the fourth quarter worth $35,723,000. Patient Capital Management LLC increased its holdings in 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 purchasing an additional 7,707,707 shares during the period. Invesco Ltd. increased its holdings in Kosmos Energy by 40.2% during the 1st quarter. Invesco Ltd. now owns 10,898,600 shares of the oil and gas producer’s stock worth $24,849,000 after purchasing an additional 3,127,003 shares during the period. Nuveen LLC purchased a new stake in Kosmos Energy during the 1st quarter worth about $4,167,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Kosmos Energy during the 1st quarter worth about $3,749,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on KOS. Benchmark restated a “hold” rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Wall Street Zen upgraded shares of Kosmos Energy to a “sell” rating in a research note on Friday, May 16th. Mizuho dropped their price objective 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, The Goldman Sachs Group dropped 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. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.93.

Kosmos Energy Trading Down 4.7%

NYSE KOS opened at $1.64 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25. The firm’s fifty day moving average price is $1.92 and its 200 day moving average price is $1.98. The company has a market capitalization of $784.33 million, a price-to-earnings ratio of -4.97 and a beta of 1.57. Kosmos Energy Ltd. has a 12 month low of $1.39 and a 12 month high of $4.69.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $393.52 million for the quarter, compared to analysts’ expectations of $444.26 million. Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%. On average, sell-side analysts expect 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.