Kosmos Energy Ltd. (KOS) Position Lifted by Swiss National Bank
Swiss National Bank raised its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 22.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,400 shares of the oil and gas producer’s stock after purchasing an additional 71,700 shares during the period. Swiss National Bank owned approximately 0.10% of Kosmos Energy worth $2,483,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its stake in Kosmos Energy by 40.8% during the first quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock worth $102,000 after purchasing an additional 4,463 shares during the last quarter. Comerica Bank boosted its holdings in shares of Kosmos Energy by 16.8% in the 1st quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock valued at $113,000 after purchasing an additional 2,701 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of Kosmos Energy in the 1st quarter valued at $115,000. Creative Planning acquired a new stake in shares of Kosmos Energy in the 2nd quarter valued at $128,000. Finally, Amalgamated Bank boosted its holdings in shares of Kosmos Energy by 3.3% in the 1st quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock valued at $150,000 after purchasing an additional 720 shares in the last quarter.
Shares of Kosmos Energy Ltd. (NYSE KOS) opened at 7.89 on Tuesday. Kosmos Energy Ltd. has a 12-month low of $4.39 and a 12-month high of $8.21. The firm’s market cap is $3.07 billion. The company’s 50 day moving average price is $7.28 and its 200 day moving average price is $6.59.
Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The business had revenue of $146.50 million for the quarter, compared to analysts’ expectations of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The firm’s revenue was up 220.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. Equities research analysts forecast that Kosmos Energy Ltd. will post ($0.26) EPS for the current year.
Several equities analysts have recently issued reports on the company. BMO Capital Markets reiterated a “buy” rating and issued a $9.00 price target on shares of Kosmos Energy in a research note on Friday, August 4th. BidaskClub downgraded Kosmos Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Citigroup Inc. dropped their price objective on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Finally, Macquarie assumed coverage on Kosmos Energy in a research note on Monday, August 7th. They issued an “outperform” rating and a $10.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.56.
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About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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