Moors & Cabot Inc. Purchases 83,000 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Moors & Cabot Inc. boosted its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 29.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 363,000 shares of the oil and gas producer’s stock after purchasing an additional 83,000 shares during the period. Moors & Cabot Inc.’s holdings in Kosmos Energy were worth $2,011,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KOS. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Kosmos Energy by 23.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 25,145,473 shares of the oil and gas producer’s stock valued at $149,867,000 after buying an additional 4,830,005 shares during the period. American Century Companies Inc. boosted its stake in Kosmos Energy by 17.2% in the 2nd quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock worth $137,470,000 after purchasing an additional 3,636,663 shares during the period. M&G Plc bought a new position in Kosmos Energy during the 1st quarter worth about $20,800,000. Webs Creek Capital Management LP acquired a new stake in shares of Kosmos Energy in the 1st quarter valued at about $17,396,000. Finally, Weiss Asset Management LP bought a new stake in shares of Kosmos Energy in the fourth quarter valued at about $14,762,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $4.38 on Wednesday. The company has a fifty day moving average price of $4.95 and a two-hundred day moving average price of $5.50. Kosmos Energy Ltd. has a one year low of $3.75 and a one year high of $8.28. The stock has a market cap of $2.06 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.53 and a beta of 2.42. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The firm had revenue of $450.94 million during the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. As a group, equities analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Sanford C. Bernstein reduced their price target on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Benchmark restated a “buy” rating and set a $8.00 target price on shares of Kosmos Energy in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.56.

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.