Swiss National Bank raised its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 13.0% during the second quarter, Holdings Channel reports. The firm owned 261,600 shares of the company’s stock after buying an additional 30,100 shares during the period. Swiss National Bank owned approximately 0.07% of Kosmos Energy worth $1,426,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. RS Investment Management Co. LLC raised its position in Kosmos Energy by 44.0% in the second quarter. RS Investment Management Co. LLC now owns 3,451,235 shares of the company’s stock valued at $18,809,000 after buying an additional 1,054,485 shares during the last quarter. Teachers Advisors Inc. raised its position in Kosmos Energy by 80.0% in the first quarter. Teachers Advisors Inc. now owns 348,347 shares of the company’s stock valued at $2,027,000 after buying an additional 154,820 shares during the last quarter. Norges Bank purchased a new position in Kosmos Energy during the fourth quarter valued at about $15,561,000. Bayesian Capital Management LP purchased a new position in Kosmos Energy during the first quarter valued at about $166,000. Finally, Prudential PLC raised its position in Kosmos Energy by 15.4% in the first quarter. Prudential PLC now owns 4,300,362 shares of the company’s stock valued at $25,028,000 after buying an additional 573,112 shares during the last quarter. 96.40% of the stock is currently owned by institutional investors and hedge funds.
Kosmos Energy Ltd. (NYSE:KOS) traded up 7.76% on Wednesday, hitting $6.11. The stock had a trading volume of 1,092,992 shares. The firm’s market cap is $2.36 billion. Kosmos Energy Ltd. has a 12-month low of $3.17 and a 12-month high of $8.00. The company’s 50 day moving average is $5.95 and its 200 day moving average is $5.74.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. The business earned $45.68 million during the quarter, compared to the consensus estimate of $121.81 million. Kosmos Energy had a negative return on equity of 2.63% and a negative net margin of 25.56%. The business’s revenue for the quarter was up 37397.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.20) earnings per share. On average, equities research analysts expect that Kosmos Energy Ltd. will post ($0.35) EPS for the current fiscal year.
KOS has been the topic of several research reports. Royal Bank Of Canada raised Kosmos Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $6.00 to $9.00 in a research note on Wednesday, August 31st. RBC Capital Markets raised Kosmos Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $6.00 to $9.00 in a research note on Wednesday, August 31st. Finally, Zacks Investment Research lowered Kosmos Energy from a “strong-buy” rating to a “hold” rating and set a $6.25 target price on the stock. in a research note on Thursday, July 21st. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $7.98.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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