Kosmos Energy Ltd. (KOS) Stake Lowered by BlackRock Advisors LLC
BlackRock Advisors LLC lowered its position in Kosmos Energy Ltd. (NYSE:KOS) by 3.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,370,308 shares of the company’s stock after selling 83,432 shares during the period. BlackRock Advisors LLC owned 0.62% of Kosmos Energy worth $12,918,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in KOS. Teacher Retirement System of Texas boosted its stake in shares of Kosmos Energy by 26.9% in the second quarter. Teacher Retirement System of Texas now owns 20,837 shares of the company’s stock worth $114,000 after buying an additional 4,415 shares during the period. Utah Retirement Systems raised its stake in shares of Kosmos Energy by 1.1% in the second quarter. Utah Retirement Systems now owns 28,545 shares of the company’s stock worth $156,000 after buying an additional 300 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Kosmos Energy during the first quarter worth approximately $166,000. Virginia Retirement Systems ET AL bought a new stake in shares of Kosmos Energy during the second quarter worth approximately $191,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Kosmos Energy by 3.9% in the second quarter. BNP Paribas Arbitrage SA now owns 51,265 shares of the company’s stock worth $279,000 after buying an additional 1,921 shares in the last quarter. Institutional investors and hedge funds own 96.40% of the company’s stock.
Kosmos Energy Ltd. (NYSE:KOS) opened at 6.32 on Thursday. The company’s market cap is $2.44 billion. The company’s 50-day moving average is $6.07 and its 200 day moving average is $5.76. Kosmos Energy Ltd. has a 1-year low of $3.17 and a 1-year high of $8.00.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 8th. The company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The firm earned $45.68 million during the quarter, compared to the consensus estimate of $121.81 million. Kosmos Energy had a negative return on equity of 2.63% and a negative net margin of 25.56%. The business’s quarterly revenue was up 37397.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. On average, equities analysts predict that Kosmos Energy Ltd. will post ($0.35) EPS for the current fiscal year.
A number of equities research analysts have commented on KOS shares. RBC Capital Markets raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Royal Bank Of Canada raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Finally, Zacks Investment Research lowered shares of Kosmos Energy from a “strong-buy” rating to a “hold” rating and set a $6.25 price objective on the stock. in a report on Thursday, July 21st. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $8.05.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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