PEAK6 LLC Takes $707,000 Position in Kosmos Energy Ltd. $KOS

PEAK6 LLC bought a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 335,034 shares of the oil and gas producer’s stock, valued at approximately $707,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in Kosmos Energy in the 1st quarter valued at about $31,000. Caerus Investment Advisors LLC purchased a new stake in shares of Kosmos Energy during the 1st quarter worth approximately $31,000. Pallas Capital Advisors LLC acquired a new position in Kosmos Energy in the second quarter valued at $25,000. Abel Hall LLC acquired a new stake in shares of Kosmos Energy in the 1st quarter valued at about $36,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Kosmos Energy in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven Sterin sold 38,636 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $105,476.28. Following the completion of the sale, the director owned 331,295 shares in the company, valued at approximately $904,435.35. The trade was a 10.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew G. Inglis sold 85,935 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $176,166.75. Following the completion of the transaction, the chief executive officer owned 4,678,043 shares in the company, valued at $9,589,988.15. The trade was a 1.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last ninety days, insiders sold 294,580 shares of company stock worth $689,275. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Stephens dropped their price objective on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $2.53.

Kosmos Energy Stock Up 0.3%

Shares of KOS opened at $2.97 on Monday. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $3.34. The company’s fifty day moving average is $2.42 and its two-hundred day moving average is $2.52. The firm has a market cap of $1.77 billion, a PE ratio of -2.50, a price-to-earnings-growth ratio of 0.22 and a beta of 0.72. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%.The business had revenue of $607.25 million for the quarter, compared to analyst estimates of $483.23 million. Analysts forecast that Kosmos Energy Ltd. will post 0.45 earnings per share for the current year.

Kosmos Energy 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.