Wealth Enhancement Advisory Services LLC Takes $41,000 Position in Kosmos Energy Ltd. $KOS

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,807 shares of the oil and gas producer’s stock, valued at approximately $41,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Kosmos Energy by 9.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer’s stock valued at $58,202,000 after acquiring an additional 2,110,306 shares in the last quarter. Invesco Ltd. raised its stake in shares of Kosmos Energy by 40.2% during the first quarter. Invesco Ltd. now owns 10,898,600 shares of the oil and gas producer’s stock valued at $24,849,000 after acquiring an additional 3,127,003 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kosmos Energy by 11.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer’s stock valued at $17,750,000 after acquiring an additional 815,582 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Kosmos Energy by 26.8% during the first quarter. Russell Investments Group Ltd. now owns 5,319,520 shares of the oil and gas producer’s stock valued at $12,129,000 after acquiring an additional 1,125,724 shares in the last quarter. Finally, Corigliano Investment Advisers LLC bought a new stake in shares of Kosmos Energy during the first quarter valued at approximately $7,047,000. Institutional investors own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

KOS has been the subject of several research analyst reports. Mizuho decreased their price target on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.00 price objective (down previously from $3.00) on shares of Kosmos Energy in a research note on Monday, September 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Kosmos Energy in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kosmos Energy currently has a consensus rating of “Hold” and an average price target of $4.12.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $1.58 on Monday. The business’s fifty day simple moving average is $1.75 and its 200-day simple moving average is $1.84. The company has a market cap of $756.11 million, a PE ratio of -4.79 and a beta of 1.43. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. Kosmos Energy Ltd. has a 12-month low of $1.39 and a 12-month high of $4.50.

Kosmos Energy (NYSE:KOS) last issued its quarterly 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 business had revenue of $393.52 million for the quarter, compared to analyst estimates of $444.26 million. Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%. Analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal 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.