Kosmos Energy Ltd. (NYSE:KOS) Shares Purchased by Patient Capital Management LLC

Patient Capital Management LLC raised its stake in Kosmos Energy Ltd. (NYSE:KOS) by 81.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,147,729 shares of the oil and gas producer’s stock after acquiring an additional 7,707,707 shares during the period. Kosmos Energy accounts for approximately 2.7% of Patient Capital Management LLC’s holdings, making the stock its 19th biggest position. Patient Capital Management LLC’s holdings in Kosmos Energy were worth $58,645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Kosmos Energy during the fourth quarter valued at $34,000. Disciplined Investors L.L.C. purchased a new position in Kosmos Energy in the 4th quarter worth about $36,000. Sapient Capital LLC acquired a new stake in Kosmos Energy during the 4th quarter worth about $37,000. Boothbay Fund Management LLC acquired a new stake in Kosmos Energy during the 4th quarter worth about $45,000. Finally, Ballentine Partners LLC purchased a new stake in Kosmos Energy during the fourth quarter valued at about $58,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Price Performance

NYSE KOS opened at $2.08 on Wednesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The firm has a market capitalization of $991.87 million, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 5.24 and a beta of 1.46. The company has a 50 day simple moving average of $1.91 and a 200-day simple moving average of $2.90. Kosmos Energy Ltd. has a 52-week low of $1.39 and a 52-week high of $6.33.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KOS shares. Mizuho dropped their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday. StockNews.com cut shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group reduced their target price on Kosmos Energy from $4.00 to $3.50 and set a “buy” rating for the company in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.02.

About Kosmos Energy

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.