Creative Planning raised its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 1,274.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 217,556 shares of the oil and gas producer's stock after acquiring an additional 201,725 shares during the quarter. Creative Planning's holdings in Kosmos Energy were worth $877,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in shares of Kosmos Energy in the 2nd quarter worth about $26,000. CWM LLC lifted its holdings in shares of Kosmos Energy by 82.2% during the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer's stock valued at $36,000 after purchasing an additional 2,969 shares during the last quarter. InTrack Investment Management Inc purchased a new position in shares of Kosmos Energy during the third quarter valued at approximately $44,000. Covestor Ltd boosted its position in shares of Kosmos Energy by 35,360.9% in the 1st quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 8,133 shares in the last quarter. Finally, Moloney Securities Asset Management LLC purchased a new stake in shares of Kosmos Energy in the 1st quarter worth approximately $60,000. Hedge funds and other institutional investors own 95.33% of the company's stock.
Kosmos Energy Stock Performance
Shares of NYSE:KOS traded down $0.08 during midday trading on Friday, reaching $3.68. 9,715,480 shares of the company's stock traded hands, compared to its average volume of 7,184,189. Kosmos Energy Ltd. has a one year low of $3.65 and a one year high of $7.68. The stock has a 50 day moving average of $4.24 and a 200 day moving average of $5.10. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 0.47 and a beta of 2.42. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.50 and a current ratio of 0.73.
Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.04). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The company had revenue of $450.94 million for the quarter. As a group, equities research analysts anticipate that Kosmos Energy Ltd. will post 0.46 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have issued reports on KOS shares. Bank of America lowered their price objective on Kosmos Energy from $8.15 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, September 25th. Benchmark reaffirmed a "buy" rating and issued a $8.00 price target on shares of Kosmos Energy in a research report on Wednesday, October 16th. Sanford C. Bernstein cut their price objective on shares of Kosmos Energy from $7.00 to $5.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 17th. Finally, Mizuho assumed coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They issued a "neutral" rating and a $5.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.00.
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About Kosmos Energy
(
Free Report)
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.
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