Park Avenue Securities LLC Increases Position in Kosmos Energy Ltd. $KOS

Park Avenue Securities LLC boosted its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 43.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,364 shares of the oil and gas producer’s stock after purchasing an additional 11,916 shares during the quarter. Park Avenue Securities LLC’s holdings in Kosmos Energy were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of KOS. Invesco Ltd. lifted its stake in shares of Kosmos Energy by 40.2% in the first quarter. Invesco Ltd. now owns 10,898,600 shares of the oil and gas producer’s stock worth $24,849,000 after buying an additional 3,127,003 shares in the last quarter. Corigliano Investment Advisers LLC bought a new position in Kosmos Energy in the first quarter worth approximately $7,047,000. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Kosmos Energy by 9.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer’s stock worth $58,202,000 after purchasing an additional 2,110,306 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Kosmos Energy in the first quarter worth $4,167,000. Finally, Nantahala Capital Management LLC purchased a new stake in shares of Kosmos Energy in the first quarter worth $3,914,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on KOS. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.00 target price (down from $3.00) on shares of Kosmos Energy in a research note on Monday, September 22nd. Benchmark restated a “hold” rating on shares of Kosmos Energy in a report on Thursday, June 5th. Finally, Mizuho decreased their price objective on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, September 15th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.12.

Kosmos Energy Stock Down 3.7%

NYSE:KOS opened at $1.68 on Friday. The company has a market cap of $801.08 million, a PE ratio of -5.08 and a beta of 1.43. Kosmos Energy Ltd. has a twelve month low of $1.39 and a twelve month high of $4.69. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. The company’s 50 day moving average is $1.80 and its two-hundred day moving average is $1.87.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company 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%. Analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

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.