Ballast Asset Management LP Raises Holdings in Kosmos Energy Ltd. $KOS

Ballast Asset Management LP increased its position in Kosmos Energy Ltd. (NYSE:KOS) by 38.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,364,387 shares of the oil and gas producer’s stock after acquiring an additional 376,203 shares during the quarter. Ballast Asset Management LP owned about 0.29% of Kosmos Energy worth $2,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KOS. Envestnet Asset Management Inc. boosted its position in Kosmos Energy by 127.7% during the first quarter. Envestnet Asset Management Inc. now owns 418,075 shares of the oil and gas producer’s stock worth $953,000 after purchasing an additional 234,489 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Kosmos Energy in the first quarter valued at approximately $221,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kosmos Energy by 30.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,575 shares of the oil and gas producer’s stock valued at $350,000 after buying an additional 36,215 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Kosmos Energy during the 1st quarter valued at approximately $3,749,000. Finally, Moors & Cabot Inc. boosted its holdings in Kosmos Energy by 3.6% in 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. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KOS shares. Clarkson Capital started coverage on shares of Kosmos Energy in a report on Friday, October 24th. They set a “buy” rating and a $4.00 target price on the stock. The Goldman Sachs Group reaffirmed 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. Mizuho lowered their price target on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a report on Tuesday, November 25th. Finally, Stephens initiated coverage on shares of Kosmos Energy in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 target price on the stock. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.07.

Kosmos Energy Price Performance

KOS stock opened at $1.11 on Monday. The firm has a 50 day simple moving average of $1.51 and a two-hundred day simple moving average of $1.75. The stock has a market cap of $528.55 million, a PE ratio of -3.35 and a beta of 1.44. Kosmos Energy Ltd. has a one year low of $1.04 and a one year high of $4.01. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%.The company had revenue of $310.96 million during the quarter, compared to analysts’ expectations of $360.82 million. On average, analysts predict that Kosmos Energy Ltd. will post 0.42 EPS 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.