Foundry Partners LLC Acquires New Stake in Kosmos Energy Ltd. (NYSE:KOS)

Foundry Partners LLC bought a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 26,875 shares of the oil and gas producer’s stock, valued at approximately $92,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in Kosmos Energy by 10.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock worth $155,000 after purchasing an additional 4,381 shares during the period. Franklin Resources Inc. grew its position in shares of Kosmos Energy by 3.9% during the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after buying an additional 4,640 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Kosmos Energy by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock worth $588,000 after buying an additional 6,300 shares in the last quarter. Xponance Inc. increased its stake in shares of Kosmos Energy by 21.1% during the fourth quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer’s stock worth $127,000 after buying an additional 6,460 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Kosmos Energy in the third quarter valued at approximately $28,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kosmos Energy

In other news, CAO Ronald W. Glass sold 16,182 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the sale, the chief accounting officer now directly owns 320,231 shares of the company’s stock, valued at approximately $999,120.72. This represents a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nealesh D. Shah sold 56,987 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $177,799.44. Following the sale, the chief financial officer now owns 1,711,580 shares of the company’s stock, valued at $5,340,129.60. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock worth $1,572,386 in the last 90 days. 2.02% of the stock is owned by insiders.

Kosmos Energy Stock Down 16.9 %

KOS opened at $1.50 on Friday. Kosmos Energy Ltd. has a one year low of $1.39 and a one year high of $6.58. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The stock has a market capitalization of $714.47 million, a P/E ratio of 3.40, a price-to-earnings-growth ratio of 5.24 and a beta of 1.94. The business’s 50-day simple moving average is $2.66 and its 200-day simple moving average is $3.40.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $397.66 million for the quarter, compared to analyst estimates of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. Analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KOS. StockNews.com downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Jefferies Financial Group restated a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. Mizuho lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group cut their target price on Kosmos Energy from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Finally, Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kosmos Energy has a consensus rating of “Hold” and a consensus price target of $5.27.

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.