SPX Gestao de Recursos Ltda Buys New Stake in Kosmos Energy Ltd. (NYSE:KOS)

SPX Gestao de Recursos Ltda bought a new stake in Kosmos Energy Ltd. (NYSE:KOS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 347,220 shares of the oil and gas producer’s stock, valued at approximately $1,924,000. SPX Gestao de Recursos Ltda owned 0.07% of Kosmos Energy as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in Kosmos Energy in the 2nd quarter valued at $26,000. CWM LLC raised its stake in Kosmos Energy by 82.2% in the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 2,969 shares in the last quarter. TFO Wealth Partners LLC boosted its position in shares of Kosmos Energy by 7,051.9% during the 4th quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 5,712 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Kosmos Energy by 35,360.9% in the 1st quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 8,133 shares in the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new position in Kosmos Energy during the first quarter worth about $60,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KOS. Mizuho began coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target on the stock. Sanford C. Bernstein cut their target price on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Benchmark restated a “buy” rating and issued a $8.00 target price on shares of Kosmos Energy in a report on Tuesday, August 6th. Finally, Bank of America reduced their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Kosmos Energy has an average rating of “Moderate Buy” and a consensus target price of $7.47.

Kosmos Energy Trading Up 1.8 %

Shares of KOS opened at $4.03 on Tuesday. Kosmos Energy Ltd. has a 1-year low of $3.69 and a 1-year high of $8.23. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 1.33 and a beta of 2.42. The firm’s 50-day moving average price is $4.64 and its 200-day moving average price is $5.39. The company has a current ratio of 0.73, a quick ratio of 0.50 and a debt-to-equity ratio of 2.27.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). Kosmos Energy had a return on equity of 40.16% and a net margin of 13.56%. The firm had revenue of $450.94 million during the quarter. Sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.18 EPS for the current year.

About Kosmos Energy

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.