Portolan Capital Management LLC Invests $5.53 Million in Kosmos Energy Ltd. (NYSE:KOS)

Portolan Capital Management LLC acquired a new stake in Kosmos Energy Ltd. (NYSE:KOS) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,617,506 shares of the oil and gas producer’s stock, valued at approximately $5,532,000. Portolan Capital Management LLC owned 0.34% of Kosmos Energy as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. VSM Wealth Advisory LLC purchased a new position in shares of Kosmos Energy in the fourth quarter worth about $34,000. Disciplined Investors L.L.C. purchased a new position in Kosmos Energy in the 4th quarter valued at approximately $36,000. Sapient Capital LLC bought a new stake in Kosmos Energy during the 4th quarter valued at $37,000. Ballentine Partners LLC purchased a new stake in shares of Kosmos Energy during the fourth quarter worth $58,000. Finally, RPO LLC bought a new position in shares of Kosmos Energy in the fourth quarter worth $59,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kosmos Energy

In other news, CFO Nealesh D. Shah sold 56,987 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $177,799.44. Following the completion of the transaction, the chief financial officer now directly owns 1,711,580 shares of the company’s stock, valued at approximately $5,340,129.60. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Ronald W. Glass sold 16,182 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,487.84. Following the transaction, the chief accounting officer now owns 320,231 shares in the company, valued at approximately $999,120.72. This represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock worth $1,572,386 over the last three months. Company insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho decreased their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Benchmark cut Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 target price on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group lowered their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.27.

Kosmos Energy Trading Up 12.2 %

NYSE KOS opened at $1.80 on Monday. The stock’s 50-day simple moving average is $2.45 and its two-hundred day simple moving average is $3.28. Kosmos Energy Ltd. has a twelve month low of $1.39 and a twelve month high of $6.33. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $857.84 million, a price-to-earnings ratio of 4.08, a PEG ratio of 5.24 and a beta of 1.94.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $397.66 million during the quarter, compared to the consensus estimate of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. Research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.