Ethic Inc. Buys 37,830 Shares of Kosmos Energy Ltd. $KOS

Ethic Inc. raised its stake in Kosmos Energy Ltd. (NYSE:KOS) by 18.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 242,701 shares of the oil and gas producer’s stock after purchasing an additional 37,830 shares during the quarter. Ethic Inc. owned 0.05% of Kosmos Energy worth $444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Foster Group Inc. bought a new position in shares of Kosmos Energy during the second quarter valued at approximately $26,000. Verum Partners LLC bought a new position in shares of Kosmos Energy during the second quarter valued at approximately $29,000. Vident Advisory LLC bought a new position in shares of Kosmos Energy during the first quarter valued at approximately $30,000. Baader Bank Aktiengesellschaft bought a new position in shares of Kosmos Energy during the second quarter valued at approximately $30,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Kosmos Energy during the second quarter valued at approximately $41,000. Institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on KOS. Weiss Ratings restated a “sell (d)” rating on shares of Kosmos Energy in a report on Wednesday, October 8th. Clarkson Capital began coverage on Kosmos Energy in a report on Friday, October 24th. They set a “buy” rating and a $4.00 target price for the company. The Goldman Sachs Group restated a “neutral” rating and set a $2.00 target price (down previously from $3.00) on shares of Kosmos Energy in a report on Monday, September 22nd. Finally, Mizuho decreased their price objective on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.10.

Kosmos Energy Price Performance

KOS opened at $1.54 on Wednesday. The stock has a fifty day simple moving average of $1.69 and a two-hundred day simple moving average of $1.81. 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 has a market cap of $734.11 million, a price-to-earnings ratio of -4.65 and a beta of 1.43. Kosmos Energy Ltd. has a 12-month low of $1.39 and a 12-month high of $4.22.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%.The company had revenue of $393.52 million during the quarter, compared to analysts’ expectations of $444.26 million. Research analysts predict 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.