Kosmos Energy Ltd. $KOS Stake Raised by M&G PLC

M&G PLC lifted its position in Kosmos Energy Ltd. (NYSE:KOS) by 18.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,791,292 shares of the oil and gas producer’s stock after purchasing an additional 1,381,605 shares during the period. M&G PLC’s holdings in Kosmos Energy were worth $22,330,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Trust Advisors LP increased its holdings in Kosmos Energy by 9.2% during the 1st quarter. First Trust Advisors LP now owns 7,694,248 shares of the oil and gas producer’s stock worth $21,390,000 after acquiring an additional 646,052 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kosmos Energy by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer’s stock valued at $19,699,000 after purchasing an additional 1,204,789 shares during the period. Bank of America Corp DE grew its position in shares of Kosmos Energy by 14.2% during the 1st quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock valued at $15,404,000 after purchasing an additional 689,800 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Kosmos Energy by 224.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock valued at $14,844,000 after purchasing an additional 3,691,800 shares in the last quarter. Finally, Algert Global LLC grew its position in shares of Kosmos Energy by 98.2% during the 2nd quarter. Algert Global LLC now owns 2,490,698 shares of the oil and gas producer’s stock valued at $5,255,000 after purchasing an additional 1,233,831 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KOS shares. Wall Street Zen cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Friday, October 30th. Stephens reduced their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Mizuho upgraded Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group cut Kosmos Energy from a “buy” rating to a “hold” rating and raised their price target for the company from $2.75 to $2.90 in a report on Wednesday, October 28th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Kosmos Energy has an average rating of “Reduce” and an average target price of $2.37.

Kosmos Energy Price Performance

KOS opened at $2.07 on Tuesday. The stock has a 50-day moving average price of $2.70 and a 200-day moving average price of $2.53. Kosmos Energy Ltd. has a 12-month low of $0.84 and a 12-month high of $3.34. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 3.72. The stock has a market capitalization of $1.23 billion, a P/E ratio of -2.07, a PEG ratio of 0.34 and a beta of 0.78.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The firm had revenue of $410.06 million for the quarter, compared to analysts’ expectations of $466.11 million. Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.67%. Equities analysts predict that Kosmos Energy Ltd. will post 0.22 earnings per share for the current fiscal year.

About Kosmos Energy

Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas.

Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.

The company’s activities include exploration, development and production, as well as marketing the oil and gas produced from its projects.