Kosmos Energy Ltd. (NYSE:KOS) Stock Position Raised by Patient Capital Management LLC

Patient Capital Management LLC grew its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 81.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,147,729 shares of the oil and gas producer’s stock after purchasing an additional 7,707,707 shares during the quarter. Kosmos Energy makes up 2.7% of Patient Capital Management LLC’s portfolio, making the stock its 19th largest holding. Patient Capital Management LLC owned about 3.63% of Kosmos Energy worth $58,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. VSM Wealth Advisory LLC bought a new position in shares of Kosmos Energy during the fourth quarter worth about $34,000. Disciplined Investors L.L.C. bought a new position in Kosmos Energy in the 4th quarter worth about $36,000. Sapient Capital LLC bought a new position in Kosmos Energy in the 4th quarter worth about $37,000. Boothbay Fund Management LLC acquired a new stake in shares of Kosmos Energy in the fourth quarter valued at approximately $45,000. Finally, Ballentine Partners LLC bought a new stake in shares of Kosmos Energy during the fourth quarter valued at approximately $58,000. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Up 8.6%

Shares of KOS stock opened at $2.08 on Wednesday. Kosmos Energy Ltd. has a 1 year low of $1.39 and a 1 year high of $6.33. 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 business’s fifty day moving average is $1.91 and its 200-day moving average is $2.90. The stock has a market cap of $991.87 million, a PE ratio of 4.72, a price-to-earnings-growth ratio of 5.24 and a beta of 1.46.

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 analysts’ consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The firm had revenue of $290.43 million for the quarter, compared to analyst estimates of $338.23 million. Equities analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KOS shares. Mizuho decreased their price objective on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday. 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. StockNews.com cut shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Finally, Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.02.

Kosmos Energy 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.