Arrowstreet Capital Limited Partnership Invests $6.60 Million in Kosmos Energy Ltd (KOS)
Arrowstreet Capital Limited Partnership bought a new stake in Kosmos Energy Ltd (NYSE:KOS) during the 4th quarter, HoldingsChannel reports. The fund bought 963,565 shares of the oil and gas producer’s stock, valued at approximately $6,600,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Kosmos Energy during the 4th quarter worth about $114,000. JPMorgan Chase & Co. grew its position in Kosmos Energy by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after purchasing an additional 7,144 shares during the period. Virtu Financial LLC acquired a new stake in Kosmos Energy during the 4th quarter worth about $204,000. Macquarie Group Ltd. acquired a new stake in Kosmos Energy during the 3rd quarter worth about $214,000. Finally, Capital Fund Management S.A. acquired a new stake in Kosmos Energy during the 4th quarter worth about $327,000.
Several equities research analysts have weighed in on the company. BMO Capital Markets set a $10.00 price target on Kosmos Energy and gave the stock a “buy” rating in a research report on Monday, February 26th. TheStreet downgraded Kosmos Energy from a “c-” rating to a “d+” rating in a research report on Wednesday, February 21st. Zacks Investment Research cut Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Jefferies Group set a $6.00 target price on Kosmos Energy and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada cut Kosmos Energy from an “outperform” rating to a “sector perform” rating in a research report on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.27.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, February 26th. The oil and gas producer reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. Kosmos Energy had a negative return on equity of 12.49% and a negative net margin of 34.98%. The firm had revenue of $187.10 million for the quarter, compared to analysts’ expectations of $182.28 million. During the same period last year, the firm earned ($0.01) EPS. The company’s quarterly revenue was down 11.3% on a year-over-year basis. analysts predict that Kosmos Energy Ltd will post -0.14 earnings per share for the current fiscal year.
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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.
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