PEAK6 LLC Invests $707,000 in Kosmos Energy Ltd. $KOS

PEAK6 LLC purchased a new position in Kosmos Energy Ltd. (NYSE:KOS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 335,034 shares of the oil and gas producer’s stock, valued at approximately $707,000. PEAK6 LLC owned about 0.06% of Kosmos Energy at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KOS. Quantbot Technologies LP purchased a new position in Kosmos Energy in the 2nd quarter valued at $105,000. Ieq Capital LLC purchased a new stake in shares of Kosmos Energy in the second quarter valued at approximately $721,000. Allworth Financial LP purchased a new stake in Kosmos Energy in the 2nd quarter valued at $37,000. Vise Technologies Inc. acquired a new stake in shares of Kosmos Energy in the 2nd quarter worth $29,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Kosmos Energy during the 2nd quarter worth $25,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Josh R. Marion sold 24,969 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $51,186.45. Following the completion of the transaction, the senior vice president owned 233,404 shares of the company’s stock, valued at approximately $478,478.20. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew G. Inglis sold 85,935 shares of Kosmos Energy stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $176,166.75. Following the completion of the sale, the chief executive officer owned 4,678,043 shares of the company’s stock, valued at $9,589,988.15. This trade represents a 1.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 294,580 shares of company stock worth $689,275. Insiders own 1.90% of the company’s stock.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock opened at $2.97 on Monday. Kosmos Energy Ltd. has a 52 week low of $0.84 and a 52 week high of $3.34. The business’s fifty day simple moving average is $2.42 and its 200-day simple moving average is $2.52. The firm has a market cap of $1.77 billion, a PE ratio of -2.50, a price-to-earnings-growth ratio of 0.22 and a beta of 0.72. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. Equities analysts forecast that Kosmos Energy Ltd. will post 0.45 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada cut shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, August 3rd. Wall Street Zen raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Stephens decreased their target price on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Finally, Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $2.53.

Kosmos Energy Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high?impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.