Virginia Retirement Systems ET AL purchased a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) during the second quarter, Holdings Channel reports. The firm purchased 35,100 shares of the company’s stock, valued at approximately $191,000.
Several other large investors have also recently added to or reduced their stakes in KOS. RS Investment Management Co. LLC raised its stake 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 worth $18,809,000 after buying an additional 1,054,485 shares in the last quarter. Teachers Advisors Inc. raised its stake in Kosmos Energy by 80.0% in the first quarter. Teachers Advisors Inc. now owns 348,347 shares of the company’s stock worth $2,027,000 after buying an additional 154,820 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Kosmos Energy during the first quarter worth about $166,000. Prudential PLC raised its stake in Kosmos Energy by 15.4% in the first quarter. Prudential PLC now owns 4,300,362 shares of the company’s stock worth $25,028,000 after buying an additional 573,112 shares in the last quarter. Finally, Swiss National Bank raised its stake in Kosmos Energy by 13.0% in the second quarter. Swiss National Bank now owns 261,600 shares of the company’s stock worth $1,426,000 after buying an additional 30,100 shares in the last quarter. Institutional investors and hedge funds own 96.40% of the company’s stock.
Shares of Kosmos Energy Ltd. (NYSE:KOS) opened at 6.25 on Thursday. Kosmos Energy Ltd. has a 52-week low of $3.17 and a 52-week high of $8.00. The firm has a 50-day moving average of $6.12 and a 200 day moving average of $5.78. The company’s market capitalization is $2.41 billion.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.02. The company had revenue of $45.68 million for the quarter, compared to analyst estimates of $121.81 million. Kosmos Energy had a negative net margin of 25.56% and a negative return on equity of 2.63%. The company’s revenue for the quarter was up 37397.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.20) EPS. On average, analysts anticipate that Kosmos Energy Ltd. will post ($0.35) EPS for the current year.
A number of equities research analysts have recently issued reports on KOS shares. Royal Bank Of Canada upgraded shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $6.00 to $9.00 in a report on Wednesday, August 31st. RBC Capital Markets raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $6.00 to $9.00 in a research report on Wednesday, August 31st. Finally, Zacks Investment Research raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Wednesday, October 5th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Kosmos Energy has an average rating of “Buy” and an average price target of $8.05.
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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