Kosmos Energy Ltd. $KOS Stock Position Raised by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 224.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,339,638 shares of the oil and gas producer’s stock after acquiring an additional 3,691,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Kosmos Energy were worth $14,844,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KOS. Captrust Financial Advisors lifted its holdings in Kosmos Energy by 93.9% in the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 13,854 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Kosmos Energy during the fourth quarter valued at approximately $28,000. Kestra Advisory Services LLC bought a new position in shares of Kosmos Energy during the first quarter valued at approximately $31,000. Abel Hall LLC acquired a new stake in shares of Kosmos Energy during the 1st quarter worth approximately $36,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Kosmos Energy by 35.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 11,209 shares during the period. Institutional investors own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KOS. The Goldman Sachs Group downgraded Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a report on Thursday, April 9th. Weiss Ratings downgraded Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada lowered Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Mizuho reiterated an “underperform” rating and issued a $3.00 target price (up from $2.00) on shares of Kosmos Energy in a research note on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $2.53.

Kosmos Energy Price Performance

Shares of NYSE:KOS opened at $2.69 on Friday. The firm’s 50 day moving average is $2.50 and its two-hundred day moving average is $2.38. Kosmos Energy Ltd. has a 52 week low of $0.84 and a 52 week high of $3.34. The firm has a market capitalization of $1.60 billion, a P/E ratio of -1.60, a PEG ratio of 0.30 and a beta of 0.71. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The business had revenue of $370.73 million for the quarter, compared to the consensus estimate of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. Analysts anticipate that Kosmos Energy Ltd. will post 0.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew G. Inglis sold 85,935 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $176,166.75. Following the sale, the chief executive officer directly owned 4,678,043 shares in the company, valued at $9,589,988.15. This trade represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Roy A. Franklin sold 43,466 shares of Kosmos Energy stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the sale, the director directly owned 150,722 shares in the company, valued at $411,471.06. The trade was a 22.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 294,580 shares of company stock worth $689,275. 1.90% of the stock is owned by company insiders.

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.