Royce & Associates LP Takes Position in Kosmos Energy Ltd. (NYSE:KOS)

Royce & Associates LP acquired a new position in Kosmos Energy Ltd. (NYSE:KOS - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 880,000 shares of the oil and gas producer's stock, valued at approximately $3,546,000. Royce & Associates LP owned approximately 0.19% of Kosmos Energy as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its position in shares of Kosmos Energy by 3.0% in the 2nd quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer's stock worth $399,000 after purchasing an additional 2,055 shares in the last quarter. Fruth Investment Management grew its stake in shares of Kosmos Energy by 10.2% during the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer's stock worth $108,000 after acquiring an additional 2,500 shares during the last quarter. CWM LLC increased 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 acquiring an additional 2,969 shares in the last quarter. nVerses Capital LLC increased its holdings in shares of Kosmos Energy by 13.6% during the third quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer's stock valued at $125,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Comerica Bank boosted its stake in Kosmos Energy by 27.1% in the 1st quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer's stock worth $118,000 after purchasing an additional 4,213 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on KOS. Sanford C. Bernstein decreased their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating for the company in a report on Tuesday, November 5th. Bank of America reduced their target price 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 dropped their price target on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. StockNews.com upgraded Kosmos Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th. Finally, Mizuho started coverage on Kosmos Energy in a research report on Thursday, September 19th. They issued a "neutral" rating and a $5.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.60.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock traded down $0.13 on Tuesday, hitting $3.91. 6,504,286 shares of the company were exchanged, compared to its average volume of 6,976,874. Kosmos Energy Ltd. has a 1-year low of $3.49 and a 1-year high of $7.20. 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 stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.27 and a beta of 2.42. The company has a 50-day moving average price of $4.07 and a 200 day moving average price of $4.92.

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.