Patient Capital Management LLC Sells 16,025,064 Shares of Kosmos Energy Ltd. $KOS

Patient Capital Management LLC decreased its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 82.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,314,653 shares of the oil and gas producer’s stock after selling 16,025,064 shares during the period. Patient Capital Management LLC owned approximately 0.69% of Kosmos Energy worth $5,502,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KOS. Vanguard Personalized Indexing Management LLC increased its position in Kosmos Energy by 34.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,089 shares of the oil and gas producer’s stock worth $47,000 after acquiring an additional 6,888 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Kosmos Energy by 53.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,103 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 8,371 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Kosmos Energy by 18.8% during the second quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after purchasing an additional 9,159 shares during the period. Park Avenue Securities LLC raised its position in shares of Kosmos Energy by 43.4% in the second quarter. Park Avenue Securities LLC now owns 39,364 shares of the oil and gas producer’s stock valued at $68,000 after buying an additional 11,916 shares in the last quarter. Finally, Westhampton Capital LLC boosted its stake in shares of Kosmos Energy by 75.0% in the second quarter. Westhampton Capital LLC now owns 28,000 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 12,000 shares during the period. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock opened at $1.21 on Wednesday. The company’s 50 day moving average price is $1.08 and its two-hundred day moving average price is $1.53. The firm has a market capitalization of $576.39 million, a P/E ratio of -1.77 and a beta of 0.89. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $3.65. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The firm had revenue of $310.96 million during the quarter, compared to the consensus estimate of $360.82 million. Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. On average, equities analysts forecast that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on KOS shares. Johnson Rice cut Kosmos Energy from a “buy” rating to an “accumulate” rating and dropped their price objective for the company from $4.50 to $3.50 in a report on Friday, December 5th. Clarkson Capital started coverage on shares of Kosmos Energy in a research note on Friday, October 24th. They set a “buy” rating and a $4.00 price objective on the stock. Stephens initiated coverage on shares of Kosmos Energy in a research report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 target price for the company. Sanford C. Bernstein reduced their price target on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research report on Monday, January 5th. Finally, Mizuho lowered their price objective on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.