Balyasny Asset Management LLC grew its stake in Kosmos Energy Ltd. (NYSE:KOS) by 2,439.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,139,254 shares of the oil and gas producer’s stock after buying an additional 1,094,388 shares during the quarter. Balyasny Asset Management LLC owned 0.29% of Kosmos Energy worth $7,303,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nationwide Fund Advisors raised its position in shares of Kosmos Energy by 1,395.1% during the 1st quarter. Nationwide Fund Advisors now owns 65,487 shares of the oil and gas producer’s stock worth $436,000 after acquiring an additional 61,107 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Kosmos Energy by 1,809.3% during the 1st quarter. Wells Fargo & Company MN now owns 581,148 shares of the oil and gas producer’s stock worth $3,870,000 after acquiring an additional 550,710 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Kosmos Energy by 10.1% during the 1st quarter. Bank of New York Mellon Corp now owns 807,554 shares of the oil and gas producer’s stock worth $5,379,000 after acquiring an additional 73,877 shares in the last quarter. Comerica Bank raised its position in shares of Kosmos Energy by 16.8% during the 1st quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 2,701 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Kosmos Energy by 25.2% during the 1st quarter. Swiss National Bank now owns 315,700 shares of the oil and gas producer’s stock worth $2,103,000 after acquiring an additional 63,500 shares in the last quarter.

Kosmos Energy Ltd. (NYSE:KOS) opened at 7.61 on Friday. Kosmos Energy Ltd. has a 52-week low of $4.39 and a 52-week high of $8.21. The firm’s 50-day moving average price is $7.38 and its 200 day moving average price is $6.63. The firm’s market cap is $2.96 billion.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. Kosmos Energy’s revenue for the quarter was up 220.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.11) earnings per share. On average, equities research analysts forecast that Kosmos Energy Ltd. will post ($0.25) EPS for the current year.

KOS has been the topic of several research analyst reports. BMO Capital Markets reissued a “buy” rating and set a $9.00 target price on shares of Kosmos Energy in a research report on Friday, August 4th. BidaskClub lowered Kosmos Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Jefferies Group LLC lowered Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup Inc. cut their target price on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Finally, Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.63.

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Kosmos Energy Company Profile

Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.

Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

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