Vise Technologies Inc. Acquires New Holdings in Kosmos Energy Ltd. $KOS

Vise Technologies Inc. bought a new stake in Kosmos Energy Ltd. (NYSE:KOS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 53,894 shares of the oil and gas producer’s stock, valued at approximately $93,000.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Kosmos Energy by 11.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer’s stock worth $17,750,000 after acquiring an additional 815,582 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Kosmos Energy by 26.8% in the first quarter. Russell Investments Group Ltd. now owns 5,319,520 shares of the oil and gas producer’s stock worth $12,129,000 after acquiring an additional 1,125,724 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Kosmos Energy during the first quarter worth about $3,749,000. Raymond James Financial Inc. lifted its holdings in shares of Kosmos Energy by 220.1% during the 1st quarter. Raymond James Financial Inc. now owns 1,917,488 shares of the oil and gas producer’s stock valued at $4,372,000 after purchasing an additional 1,318,383 shares in the last quarter. Finally, Nantahala Capital Management LLC bought a new position in shares of Kosmos Energy during the 1st quarter valued at about $3,914,000. Institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KOS. The Goldman Sachs Group restated a “neutral” rating and set a $2.00 target price (down from $3.00) on shares of Kosmos Energy in a report on Monday, September 22nd. Stephens initiated coverage on shares of Kosmos Energy in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price objective for the company. Mizuho dropped their price objective on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research note on Thursday, November 13th. Finally, Clarkson Capital assumed coverage on Kosmos Energy in a report on Friday, October 24th. They set a “buy” rating and a $4.00 target price for the company. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kosmos Energy currently has an average rating of “Hold” and a consensus price target of $3.07.

Kosmos Energy Price Performance

NYSE KOS opened at $1.36 on Wednesday. The firm’s 50 day moving average is $1.60 and its 200-day moving average is $1.79. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $648.13 million, a PE ratio of -4.11 and a beta of 1.44. Kosmos Energy Ltd. has a 12-month low of $1.34 and a 12-month high of $4.13.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, November 3rd. The oil and gas producer reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The business had revenue of $311.23 million for the quarter, compared to analyst estimates of $360.82 million. Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.