Kosmos Energy Ltd. $KOS Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its stake in Kosmos Energy Ltd. (NYSE:KOS) by 76.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 223,139 shares of the oil and gas producer’s stock after selling 709,188 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Kosmos Energy were worth $370,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KOS. Foster Group Inc. acquired a new position in Kosmos Energy during the 2nd quarter worth approximately $26,000. Blueshift Asset Management LLC acquired a new stake in Kosmos Energy in the second quarter valued at approximately $27,000. Verum Partners LLC purchased a new stake in shares of Kosmos Energy during the second quarter valued at approximately $29,000. Vident Advisory LLC purchased a new stake in shares of Kosmos Energy during the first quarter valued at approximately $30,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of Kosmos Energy during the second quarter worth $30,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Johnson Rice lowered shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and lowered their price target for the company from $4.50 to $3.50 in a report on Friday, December 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd. Stephens assumed coverage on Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, December 22nd. Finally, Clarkson Capital started coverage on Kosmos Energy in a report on Friday, October 24th. They issued a “buy” rating and a $4.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.29.

Kosmos Energy Price Performance

Shares of KOS stock opened at $0.89 on Tuesday. The firm has a fifty day moving average of $1.23 and a two-hundred day moving average of $1.64. The firm has a market cap of $425.24 million, a P/E ratio of -1.31 and a beta of 0.95. Kosmos Energy Ltd. has a 1-year low of $0.84 and a 1-year high of $4.01. 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 issued its quarterly earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The company had revenue of $310.96 million for the quarter, compared to the consensus estimate of $360.82 million. Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%. As a group, research analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal 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.