Patient Capital Management LLC Raises Position in Kosmos Energy Ltd. $KOS

Patient Capital Management LLC increased its stake in Kosmos Energy Ltd. (NYSE:KOS) by 7.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,339,717 shares of the oil and gas producer’s stock after buying an additional 1,334,930 shares during the quarter. Kosmos Energy comprises 1.5% of Patient Capital Management LLC’s portfolio, making the stock its 28th largest position. Patient Capital Management LLC owned about 4.04% of Kosmos Energy worth $33,264,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC raised its stake in shares of Kosmos Energy by 34.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,089 shares of the oil and gas producer’s stock valued at $47,000 after purchasing an additional 6,888 shares during the period. Moors & Cabot Inc. grew its holdings in Kosmos Energy by 3.6% during the 1st quarter. Moors & Cabot Inc. now owns 217,450 shares of the oil and gas producer’s stock valued at $496,000 after purchasing an additional 7,500 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Kosmos Energy by 53.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,103 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 8,371 shares in the last quarter. Park Avenue Securities LLC increased its stake in Kosmos Energy by 43.4% during the 2nd quarter. Park Avenue Securities LLC now owns 39,364 shares of the oil and gas producer’s stock worth $68,000 after buying an additional 11,916 shares during the period. Finally, Westhampton Capital LLC lifted its holdings in Kosmos Energy by 75.0% in the 2nd quarter. Westhampton Capital LLC now owns 28,000 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 12,000 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KOS has been the subject of several recent analyst reports. Mizuho lowered their target price on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Clarkson Capital assumed coverage on Kosmos Energy in a research note on Friday, October 24th. They issued a “buy” rating and a $4.00 price target on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $2.00 price objective (down previously from $3.00) on shares of Kosmos Energy in a research note on Monday, September 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Tuesday. Finally, Stephens started coverage on Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 target price for the company. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kosmos Energy has an average rating of “Hold” and an average target price of $3.07.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $1.05 on Friday. The stock has a market capitalization of $499.85 million, a price-to-earnings ratio of -3.17 and a beta of 1.44. Kosmos Energy Ltd. has a one year low of $1.04 and a one year high of $4.01. The company’s 50-day simple moving average is $1.52 and its 200-day simple moving average is $1.76. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.25 and a current ratio of 0.45.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The firm had revenue of $310.96 million for the quarter, compared to analyst estimates of $360.82 million. Equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share 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.