Encompass Capital Advisors LLC Acquires New Position in Kosmos Energy Ltd. (NYSE:KOS)

Encompass Capital Advisors LLC bought a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,445,208 shares of the oil and gas producer’s stock, valued at approximately $35,723,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings in Kosmos Energy by 46.5% during the third quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock valued at $12,221,000 after buying an additional 962,057 shares during the period. Franklin Resources Inc. boosted its holdings in Kosmos Energy by 3.9% in the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after acquiring an additional 4,640 shares in the last quarter. JPMorgan Chase & Co. grew its position in Kosmos Energy by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 624,604 shares of the oil and gas producer’s stock worth $2,517,000 after purchasing an additional 37,114 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Kosmos Energy by 4.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,343,163 shares of the oil and gas producer’s stock valued at $4,594,000 after acquiring an additional 51,699 shares during the period. Finally, Merit Financial Group LLC acquired a new position in shares of Kosmos Energy in the fourth quarter valued at about $127,000. Institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Benchmark cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group decreased their target price on Kosmos Energy from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.18.

Kosmos Energy Price Performance

Kosmos Energy stock opened at $1.75 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The company has a 50-day moving average price of $1.93 and a 200 day moving average price of $2.95. Kosmos Energy Ltd. has a 12-month low of $1.39 and a 12-month high of $6.33. The stock has a market cap of $834.13 million, a P/E ratio of 3.97, a PEG ratio of 5.24 and a beta of 1.46.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The firm had revenue of $290.43 million for the quarter, compared to analysts’ expectations of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. Sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current 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.