Raymond James & Associates Boosts Stake in Kosmos Energy Ltd. (NYSE:KOS)

Raymond James & Associates boosted its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 250.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 923,914 shares of the oil and gas producer’s stock after buying an additional 660,261 shares during the period. Raymond James & Associates owned 0.20% of Kosmos Energy worth $3,723,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in KOS. Rothschild Investment LLC acquired a new position in shares of Kosmos Energy during the second quarter worth $26,000. CWM LLC increased its position in shares of Kosmos Energy by 82.2% during the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 2,969 shares in the last quarter. InTrack Investment Management Inc acquired a new position in shares of Kosmos Energy during the third quarter worth $44,000. Covestor Ltd increased its position in shares of Kosmos Energy by 35,360.9% during the first quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 8,133 shares in the last quarter. Finally, Naviter Wealth LLC acquired a new position in shares of Kosmos Energy during the third quarter worth $48,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KOS shares. Mizuho started coverage on Kosmos Energy in a research 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 research report on Wednesday, July 17th. Bank of America cut their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Finally, Benchmark reissued a “buy” rating and issued a $8.00 target price on shares of Kosmos Energy in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Kosmos Energy presently has an average rating of “Moderate Buy” and an average target price of $7.00.

Kosmos Energy Price Performance

NYSE KOS opened at $3.68 on Monday. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. The stock’s fifty day moving average price is $4.24 and its 200 day moving average price is $5.09. Kosmos Energy Ltd. has a 1 year low of $3.65 and a 1 year high of $7.68. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 0.47 and a beta of 2.42.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The company had revenue of $450.94 million for the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. As a group, equities research analysts forecast that Kosmos Energy Ltd. will post 0.46 earnings per share 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.