Ballentine Partners LLC Grows Holdings in Kosmos Energy Ltd. $KOS

Ballentine Partners LLC increased its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 631.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,473 shares of the oil and gas producer’s stock after buying an additional 97,094 shares during the period. Ballentine Partners LLC’s holdings in Kosmos Energy were worth $193,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its stake in Kosmos Energy by 17.0% during the 1st quarter. Cerity Partners LLC now owns 45,840 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 6,649 shares during the period. Moors & Cabot Inc. increased its stake in Kosmos Energy by 3.6% during the 1st quarter. Moors & Cabot Inc. now owns 217,450 shares of the oil and gas producer’s stock worth $496,000 after buying an additional 7,500 shares during the period. Park Avenue Securities LLC increased its stake in Kosmos Energy by 43.4% during the 2nd quarter. Park Avenue Securities LLC now owns 39,364 shares of the oil and gas producer’s stock worth $68,000 after buying an additional 11,916 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kosmos Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock worth $634,000 after buying an additional 12,045 shares during the period. Finally, Vident Advisory LLC purchased a new stake in Kosmos Energy during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Trading Down 0.9%

Kosmos Energy stock opened at $1.66 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56. The firm has a 50-day moving average price of $1.82 and a two-hundred day moving average price of $1.87. The firm has a market capitalization of $791.50 million, a price-to-earnings ratio of -5.01 and a beta of 1.57. Kosmos Energy Ltd. has a 52-week low of $1.39 and a 52-week high of $4.69.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The firm had revenue of $393.52 million for the quarter, compared to analyst estimates of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. Sell-side analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KOS shares. Mizuho dropped their target price on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.00 target price (down previously from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Kosmos Energy in a report on Thursday, June 5th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.12.

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.