Prudential Financial Inc. Buys Shares of 192,304 Kosmos Energy Ltd. (KOS)
Prudential Financial Inc. bought a new position in Kosmos Energy Ltd. (NYSE:KOS) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 192,304 shares of the oil and gas producer’s stock, valued at approximately $1,531,000.
Other large investors also recently bought and sold shares of the company. Capital World Investors grew its stake in shares of Kosmos Energy by 211.1% in the second quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock worth $77,986,000 after acquiring an additional 8,255,929 shares during the period. Janus Henderson Group PLC purchased a new stake in Kosmos Energy during the second quarter valued at $34,877,000. Capital Research Global Investors raised its stake in Kosmos Energy by 15.9% during the second quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock valued at $193,282,000 after purchasing an additional 4,130,107 shares in the last quarter. Prudential PLC increased its position in Kosmos Energy by 17.4% during the second quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock valued at $88,149,000 after acquiring an additional 2,036,371 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Kosmos Energy by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,108,820 shares of the oil and gas producer’s stock worth $45,566,000 after acquiring an additional 1,755,918 shares in the last quarter.
Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. BMO Capital Markets restated a “buy” rating and set a $9.00 price target on shares of Kosmos Energy in a research note on Wednesday, September 27th. Barclays increased their price objective on Kosmos Energy from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada set a $15.00 target price on Kosmos Energy and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Jefferies Group lowered Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $9.60.
Kosmos Energy Ltd. (NYSE:KOS) traded down $0.20 during midday trading on Thursday, hitting $7.50. 1,931,400 shares of the company’s stock were exchanged, compared to its average volume of 2,548,890. Kosmos Energy Ltd. has a 12-month low of $5.23 and a 12-month 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 posted its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $151.20 million for the quarter, compared to the consensus estimate of $149.10 million. Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The business’s quarterly revenue was up 126.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) EPS. sell-side analysts predict that Kosmos Energy Ltd. will post -0.34 earnings per share for the current year.
In other news, Director Yves-Louis Darricarrere sold 14,000 shares of Kosmos Energy stock in a transaction on 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 owns 65,191 shares in the company, valued at $558,686.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.80% of the company’s stock.
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Kosmos Energy Profile
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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