Kosmos Energy Ltd. $KOS Shares Sold by Northern Trust Corp

Northern Trust Corp reduced its position in Kosmos Energy Ltd. (NYSE:KOS) by 3.9% in the 1st quarter, Holdings Channel reports. The firm owned 4,367,504 shares of the oil and gas producer’s stock after selling 179,053 shares during the quarter. Northern Trust Corp’s holdings in Kosmos Energy were worth $9,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inscription Capital LLC acquired a new stake in shares of Kosmos Energy in the 1st quarter worth $46,000. Sapient Capital LLC increased its stake in shares of Kosmos Energy by 125.4% in the 1st quarter. Sapient Capital LLC now owns 24,161 shares of the oil and gas producer’s stock worth $55,000 after acquiring an additional 13,441 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Kosmos Energy in the 1st quarter worth $63,000. Signaturefd LLC increased its stake in shares of Kosmos Energy by 200.6% in the 1st quarter. Signaturefd LLC now owns 27,581 shares of the oil and gas producer’s stock worth $63,000 after acquiring an additional 18,405 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Kosmos Energy by 24.9% in the 4th quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer’s stock worth $67,000 after acquiring an additional 3,932 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KOS has been the subject of a number of recent research reports. Benchmark reaffirmed a “hold” rating on shares of Kosmos Energy in a research note on Thursday, June 5th. The Goldman Sachs Group cut their target price on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Monday, May 19th. Wall Street Zen raised Kosmos Energy to a “sell” rating in a research note on Friday, May 16th. Finally, Mizuho cut their price objective on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.93.

Kosmos Energy Stock Performance

NYSE KOS opened at $1.64 on Friday. The company has a market cap of $784.33 million, a P/E ratio of -4.97 and a beta of 1.57. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25. The stock has a 50-day moving average of $1.92 and a two-hundred day moving average of $1.98. Kosmos Energy Ltd. has a 1-year low of $1.39 and a 1-year high of $4.69.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $393.52 million during the quarter, compared to analyst estimates of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. As a group, analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

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.