Kosmos Energy Ltd. (NYSE:KOS) Stock Position Raised by Ballast Asset Management LP

Ballast Asset Management LP increased its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 874,684 shares of the oil and gas producer's stock after buying an additional 161,368 shares during the period. Ballast Asset Management LP owned about 0.19% of Kosmos Energy worth $2,991,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KOS. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kosmos Energy during the 3rd quarter valued at approximately $28,000. VSM Wealth Advisory LLC acquired a new stake in Kosmos Energy in the fourth quarter valued at $34,000. CTC Alternative Strategies Ltd. bought a new position in Kosmos Energy during the 3rd quarter valued at $43,000. Sapient Capital LLC acquired a new position in Kosmos Energy during the 4th quarter worth $37,000. Finally, Ballentine Partners LLC bought a new stake in shares of Kosmos Energy in the 4th quarter worth about $58,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KOS shares. The Goldman Sachs Group reduced their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Benchmark downgraded Kosmos Energy from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Mizuho lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, December 16th. StockNews.com cut Kosmos Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $5.60 target price on shares of Kosmos Energy in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $5.27.

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Insider Activity

In other news, CAO Ronald W. Glass sold 10,354 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $32,304.48. Following the completion of the sale, the chief accounting officer now owns 299,498 shares in the company, valued at approximately $934,433.76. This represents a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of Kosmos Energy stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,369.28. Following the completion of the transaction, the senior vice president now owns 172,057 shares in the company, valued at $536,817.84. The trade was a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 503,970 shares of company stock worth $1,572,386. Corporate insiders own 2.02% of the company's stock.

Kosmos Energy Price Performance

KOS traded down $0.31 during trading on Friday, reaching $1.50. The stock had a trading volume of 22,262,861 shares, compared to its average volume of 7,910,351. The stock has a 50 day moving average of $2.66 and a two-hundred day moving average of $3.40. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $714.47 million, a price-to-earnings ratio of 3.40, a price-to-earnings-growth ratio of 5.24 and a beta of 2.31. Kosmos Energy Ltd. has a 1-year low of $1.39 and a 1-year high of $6.58.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. As a group, equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

About Kosmos Energy

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.