WESPAC Advisors LLC Purchases New Stake in Kosmos Energy Ltd. $KOS

WESPAC Advisors LLC acquired a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS) in the third quarter, HoldingsChannel reports. The institutional investor acquired 357,043 shares of the oil and gas producer’s stock, valued at approximately $907,000.

A number of other large investors have also added to or reduced their stakes in the stock. Equinox Partners Investment Management LLC raised its position in shares of Kosmos Energy by 6.2% in the 1st quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after purchasing an additional 1,208,053 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its position in Kosmos Energy by 20.5% during the first 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 holdings in 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 during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Kosmos Energy by 224.0% during the first 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 during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on KOS shares. Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Wall Street Zen raised shares of Kosmos Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Finally, Stephens cut their price objective 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. One analyst has rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.28.

Kosmos Energy Price Performance

KOS stock opened at $2.87 on Tuesday. The company’s 50 day moving average price is $2.77 and its 200 day moving average price is $2.46. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -2.41, a PEG ratio of 0.17 and a beta of 0.88. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $3.34. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. The company had revenue of $607.25 million during the quarter, compared to analysts’ expectations of $483.23 million. On average, equities research analysts anticipate that Kosmos Energy Ltd. will post 0.57 EPS for the current fiscal year.

About Kosmos Energy

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.