Encompass Capital Advisors LLC Buys New Position in Kosmos Energy Ltd. (NYSE:KOS)

Encompass Capital Advisors LLC purchased a new stake in Kosmos Energy Ltd. (NYSE:KOS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,445,208 shares of the oil and gas producer’s stock, valued at approximately $35,723,000. Encompass Capital Advisors LLC owned approximately 2.21% of Kosmos Energy as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ethic Inc. increased its stake in shares of Kosmos Energy by 77.7% in the 4th quarter. Ethic Inc. now owns 132,378 shares of the oil and gas producer’s stock worth $453,000 after acquiring an additional 57,877 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Kosmos Energy by 138.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 35,700 shares of the oil and gas producer’s stock valued at $122,000 after purchasing an additional 20,700 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Kosmos Energy by 28.3% during the fourth quarter. Deutsche Bank AG now owns 814,366 shares of the oil and gas producer’s stock valued at $2,785,000 after purchasing an additional 179,618 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of Kosmos Energy in the 4th quarter worth approximately $239,000. Finally, Black Maple Capital Management LP increased its position in Kosmos Energy by 13.0% during the 4th quarter. Black Maple Capital Management LP now owns 988,251 shares of the oil and gas producer’s stock valued at $3,380,000 after buying an additional 113,356 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock opened at $1.75 on Friday. The stock has a market cap of $834.13 million, a price-to-earnings ratio of 3.97, a price-to-earnings-growth ratio of 5.24 and a beta of 1.46. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The stock has a 50 day moving average price of $1.93 and a 200-day moving average price of $2.95. Kosmos Energy Ltd. has a one year low of $1.39 and a one year high of $6.33.

Kosmos Energy (NYSE:KOS) last released its earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The firm had revenue of $290.43 million during the quarter, compared to the consensus estimate of $338.23 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. Equities analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on KOS. Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group decreased their price target on Kosmos Energy from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Kosmos Energy has a consensus rating of “Hold” and an average price target of $5.18.

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.