Kosmos Energy Ltd. (KOS) Shares Bought by State of Wisconsin Investment Board
State of Wisconsin Investment Board increased its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 24.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,060 shares of the oil and gas producer’s stock after purchasing an additional 9,098 shares during the period. State of Wisconsin Investment Board’s holdings in Kosmos Energy were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Kosmos Energy during the third quarter worth $118,000. Teacher Retirement System of Texas raised its holdings in shares of Kosmos Energy by 24.6% during the second quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after purchasing an additional 3,778 shares during the last quarter. Creative Planning purchased a new position in shares of Kosmos Energy during the second quarter worth $128,000. Comerica Bank raised its holdings in shares of Kosmos Energy by 19.3% during the second quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 3,626 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Kosmos Energy by 3.3% during the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock worth $150,000 after purchasing an additional 720 shares during the last quarter.
Several brokerages recently issued reports on KOS. Zacks Investment Research raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Bank of America Corporation started coverage on shares of Kosmos Energy in a report on Friday, September 29th. They issued a “neutral” rating and a $9.00 price objective for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Kosmos Energy in a report on Wednesday, September 27th. Barclays PLC lifted their price objective on shares of Kosmos Energy from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Royal Bank Of Canada set a $15.00 price objective on shares of Kosmos Energy and gave the company a “buy” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.60.
Shares of Kosmos Energy Ltd. (NYSE KOS) traded up $0.12 during midday trading on Friday, hitting $8.01. 994,700 shares of the stock traded hands, compared to its average volume of 2,589,216. Kosmos Energy Ltd. has a 1-year low of $4.60 and a 1-year high of $8.62. The company has a current ratio of 1.66, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The company had revenue of $151.20 million during the quarter, compared to analyst estimates of $149.10 million. During the same quarter last year, the business earned ($0.09) EPS. The firm’s revenue for the quarter was up 126.9% compared to the same quarter last year. research analysts predict that Kosmos Energy Ltd. will post -0.34 earnings per share for the current fiscal year.
In related news, Director Yves-Louis Darricarrere sold 14,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $8.57, for a total transaction of $119,980.00. Following the transaction, the director now directly owns 65,191 shares in the company, valued at $558,686.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by company insiders.
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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