Nantahala Capital Management LLC Buys New Shares in Kosmos Energy Ltd. $KOS

Nantahala Capital Management LLC bought a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 1,716,593 shares of the oil and gas producer’s stock, valued at approximately $3,914,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Kosmos Energy by 11.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer’s stock valued at $17,750,000 after buying an additional 815,582 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Kosmos Energy by 26.8% in the 1st quarter. Russell Investments Group Ltd. now owns 5,319,520 shares of the oil and gas producer’s stock worth $12,129,000 after purchasing an additional 1,125,724 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Kosmos Energy by 23.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,097,622 shares of the oil and gas producer’s stock worth $7,174,000 after purchasing an additional 395,283 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Kosmos Energy by 78.2% in the 4th quarter. Millennium Management LLC now owns 2,665,589 shares of the oil and gas producer’s stock worth $9,116,000 after purchasing an additional 1,170,074 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Kosmos Energy in the 1st quarter worth about $3,749,000. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Kosmos Energy

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the completion of the transaction, the director directly owned 29,921 shares of the company’s stock, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.02% of the stock is owned by corporate insiders.

Kosmos Energy Stock Performance

Kosmos Energy stock opened at $1.80 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. Kosmos Energy Ltd. has a 1 year low of $1.39 and a 1 year high of $5.08. The company has a market cap of $858.46 million, a PE ratio of -5.44 and a beta of 1.57. The company’s 50-day moving average is $1.94 and its two-hundred day moving average is $2.01.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The firm had revenue of $393.52 million during the quarter, compared to analyst estimates of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. Equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KOS has been the topic of several analyst reports. Mizuho lowered their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Wall Street Zen raised shares of Kosmos Energy to a “sell” rating in a report on Friday, May 16th. Finally, Benchmark reissued a “hold” rating on shares of Kosmos Energy in a report on Thursday, June 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Kosmos Energy currently has a consensus rating of “Moderate Buy” and an average target price of $4.93.

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.