Kosmos Energy Ltd. $KOS Stock: Ballast Asset Management LP Increases Stake

Ballast Asset Management LP raised its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 16.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,343,733 shares of the oil and gas producer’s stock after buying an additional 335,580 shares during the quarter. Kosmos Energy accounts for about 2.6% of Ballast Asset Management LP’s investment portfolio, making the stock its 8th largest position. Ballast Asset Management LP owned about 0.39% of Kosmos Energy worth $5,953,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of Kosmos Energy by 14.2% in the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock worth $15,404,000 after acquiring an additional 689,800 shares during the last quarter. Banco Santander S.A. increased its position in Kosmos Energy by 321.9% during the second quarter. Banco Santander S.A. now owns 525,378 shares of the oil and gas producer’s stock worth $1,109,000 after acquiring an additional 400,842 shares during the period. Squarepoint Ops LLC increased its position in Kosmos Energy by 813.3% during the second quarter. Squarepoint Ops LLC now owns 1,376,536 shares of the oil and gas producer’s stock worth $2,904,000 after acquiring an additional 1,225,813 shares during the period. Dimensional Fund Advisors LP raised its stake in Kosmos Energy by 20.5% during the 1st 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 last quarter. Finally, Renaissance Technologies LLC raised its stake in Kosmos Energy by 224.0% during the 1st 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 last quarter. 95.33% of the stock is owned by institutional investors.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock opened at $2.07 on Tuesday. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.38 and a current ratio of 0.54. The firm’s 50-day simple moving average is $2.70 and its 200-day simple moving average is $2.53. Kosmos Energy Ltd. has a twelve month low of $0.84 and a twelve month high of $3.34. The firm has a market cap of $1.23 billion, a P/E ratio of -2.07, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.67%. The company had revenue of $410.06 million during the quarter, compared to the consensus estimate of $466.11 million. As a group, research analysts expect that Kosmos Energy Ltd. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating and raised their price target for the stock from $2.75 to $2.90 in a research report on Wednesday, October 28th. Wall Street Zen lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Sunday. Stephens cut their price objective on shares of 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. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $2.37.

About Kosmos Energy

Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas.

Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.

The company’s activities include exploration, development and production, as well as marketing the oil and gas produced from its projects.