Renaissance Technologies LLC Boosts Position in Kosmos Energy Ltd. (NYSE:KOS)

Renaissance Technologies LLC boosted its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,462,835 shares of the oil and gas producer’s stock after purchasing an additional 4,395 shares during the quarter. Renaissance Technologies LLC owned approximately 0.31% of Kosmos Energy worth $8,104,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in Kosmos Energy during the second quarter worth $26,000. CWM LLC boosted its position in Kosmos Energy by 82.2% during the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 2,969 shares in the last quarter. TFO Wealth Partners LLC boosted its position in Kosmos Energy by 7,051.9% during the fourth quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 5,712 shares in the last quarter. Covestor Ltd boosted its position in Kosmos Energy by 35,360.9% during the first 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 Kosmos Energy during the first quarter worth $60,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KOS shares. Mizuho started coverage on Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target for the company. Sanford C. Bernstein cut their price target on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Finally, Benchmark reissued a “buy” rating and issued a $8.00 price target on shares of Kosmos Energy in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.97.

Kosmos Energy Stock Performance

Kosmos Energy stock opened at $4.20 on Wednesday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 9.12, a PEG ratio of 0.53 and a beta of 2.42. The stock has a fifty day moving average price of $4.78 and a 200 day moving average price of $5.44. Kosmos Energy Ltd. has a 52 week low of $3.75 and a 52 week high of $8.28. The company has a current ratio of 0.73, a quick ratio of 0.50 and a debt-to-equity ratio of 2.27.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business 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%. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current 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.