Engineers Gate Manager LP Takes Position in Kosmos Energy Ltd (KOS)
Engineers Gate Manager LP bought a new position in Kosmos Energy Ltd (NYSE:KOS) during the second quarter, Holdings Channel reports. The fund bought 107,377 shares of the oil and gas producer’s stock, valued at approximately $888,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KOS. Koch Industries Inc. bought a new stake in shares of Kosmos Energy in the 1st quarter worth approximately $113,000. PNC Financial Services Group Inc. raised its holdings in shares of Kosmos Energy by 377.6% during the first quarter. PNC Financial Services Group Inc. now owns 22,076 shares of the oil and gas producer’s stock valued at $138,000 after acquiring an additional 17,454 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Kosmos Energy by 70.8% during the second quarter. State of Alaska Department of Revenue now owns 30,992 shares of the oil and gas producer’s stock valued at $256,000 after acquiring an additional 12,842 shares during the period. Pitcairn Co. acquired a new stake in shares of Kosmos Energy during the first quarter valued at approximately $262,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of Kosmos Energy during the fourth quarter valued at approximately $268,000. Institutional investors and hedge funds own 99.14% of the company’s stock.
A number of equities research analysts have recently issued reports on KOS shares. Zacks Investment Research upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a report on Thursday, July 26th. Jefferies Financial Group upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $5.15 to $8.62 in a report on Monday, June 11th. ValuEngine upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. TheStreet upgraded shares of Kosmos Energy from a “d+” rating to a “c-” rating in a report on Wednesday, May 16th. Finally, Barclays set a $7.00 price target on shares of Kosmos Energy and gave the company a “hold” rating in a report on Wednesday, May 9th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $9.29.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, August 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.05). The company had revenue of $215.47 million during the quarter, compared to analyst estimates of $215.07 million. Kosmos Energy had a negative net margin of 49.78% and a negative return on equity of 15.21%. The firm’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) EPS. equities research analysts anticipate that Kosmos Energy Ltd will post -0.05 EPS for the current fiscal year.
Kosmos Energy Company Profile
Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.
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