Ballast Asset Management LP increased its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS – Free Report) by 16.7% during the third quarter, Holdings Channel reports. The fund owned 2,343,733 shares of the oil and gas producer’s stock after purchasing an additional 335,580 shares during the period. Kosmos Energy makes up about 2.6% of Ballast Asset Management LP’s portfolio, making the stock its 8th biggest position. Ballast Asset Management LP’s holdings in Kosmos Energy were worth $5,953,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in Kosmos Energy in the 3rd quarter valued at $28,000. Caerus Investment Advisors LLC acquired a new position in Kosmos Energy in the first quarter worth $31,000. SBI Securities Co. Ltd. boosted its stake in Kosmos Energy by 62.0% in the third quarter. SBI Securities Co. Ltd. now owns 11,453 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 4,382 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Kosmos Energy during the second quarter worth $25,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Kosmos Energy during the second quarter worth $27,000. 95.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on KOS shares. Mizuho raised Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Wall Street Zen lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Sunday. Jefferies Financial Group lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating and increased their price objective for the stock from $2.75 to $2.90 in a report on Wednesday, October 28th. Stephens lowered their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research note on Friday, October 30th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of “Reduce” and an average price target of $2.37.
Get Our Latest Stock Report on KOS
Kosmos Energy Stock Down 1.9%
Shares of NYSE:KOS opened at $2.07 on Tuesday. Kosmos Energy Ltd. has a 52-week low of $0.84 and a 52-week high of $3.34. The company has a market capitalization of $1.23 billion, a PE ratio of -2.07, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.38 and a current ratio of 0.54. The company has a fifty day moving average of $2.70 and a 200-day moving average of $2.53.
Kosmos Energy (NYSE:KOS – Get Free Report) last issued its earnings results on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The firm had revenue of $410.06 million during the quarter, compared to analyst estimates of $466.11 million. Kosmos Energy had a negative return on equity of 1.67% and a negative net margin of 27.21%. On average, equities analysts predict that Kosmos Energy Ltd. will post 0.22 EPS for the current fiscal year.
About Kosmos Energy
Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas.
Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.
The company’s activities include exploration, development and production, as well as marketing the oil and gas produced from its projects.
Featured Stories
- Five stocks we like better than Kosmos Energy
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Want to see what other hedge funds are holding KOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kosmos Energy Ltd. (NYSE:KOS – Free Report).
Receive News & Ratings for Kosmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kosmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.
