JPMorgan Chase & Co. increased its position in Kosmos Energy Ltd. (NYSE:KOS – Free Report) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 624,604 shares of the oil and gas producer’s stock after purchasing an additional 37,114 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.13% of Kosmos Energy worth $2,517,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KOS. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Kosmos Energy during the third quarter worth approximately $28,000. Signaturefd LLC grew its holdings in Kosmos Energy by 39,777.8% during the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock worth $43,000 after acquiring an additional 10,740 shares during the period. CTC Alternative Strategies Ltd. bought a new stake in shares of Kosmos Energy during the 3rd quarter valued at $43,000. InTrack Investment Management Inc acquired a new position in shares of Kosmos Energy in the 3rd quarter valued at $44,000. Finally, Naviter Wealth LLC bought a new position in shares of Kosmos Energy in the 3rd quarter worth $48,000. 95.33% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on KOS. Jefferies Financial Group reissued a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a research note on Wednesday, December 18th. Benchmark cut their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Bank of America decreased their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Sanford C. Bernstein cut their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Kosmos Energy presently has an average rating of “Moderate Buy” and an average price target of $5.52.
Kosmos Energy Trading Down 1.7 %
KOS opened at $3.60 on Tuesday. The firm’s fifty day simple moving average is $3.60 and its 200 day simple moving average is $4.24. The stock has a market capitalization of $1.70 billion, a P/E ratio of 8.17, a P/E/G ratio of 0.45 and a beta of 2.43. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. Kosmos Energy Ltd. has a 12 month low of $2.62 and a 12 month high of $6.58.
Kosmos Energy 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.
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