Kosmos Energy Ltd. (KOS) Position Maintained by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank maintained its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,157 shares of the oil and gas producer’s stock at the end of the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kosmos Energy were worth $232,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. boosted its position in shares of Kosmos Energy by 3.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 8,399,885 shares of the oil and gas producer’s stock worth $53,843,000 after buying an additional 251,660 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Kosmos Energy by 31.7% in the second quarter. Russell Investments Group Ltd. now owns 313,299 shares of the oil and gas producer’s stock worth $2,007,000 after buying an additional 75,400 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Kosmos Energy in the first quarter worth about $448,000. Precocity Capital LP purchased a new stake in shares of Kosmos Energy in the first quarter worth about $6,660,000. Finally, Credit Suisse AG boosted its position in shares of Kosmos Energy by 66.9% in the first quarter. Credit Suisse AG now owns 142,307 shares of the oil and gas producer’s stock worth $947,000 after buying an additional 57,051 shares during the period.
Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein assumed coverage on Kosmos Energy in a research report on Wednesday, September 6th. They issued a “market perform” rating and a $7.00 target price for the company. ValuEngine raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Macquarie assumed coverage on Kosmos Energy in a research report on Monday, August 7th. They issued an “outperform” rating and a $10.00 target price for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $9.00 target price on shares of Kosmos Energy in a research report on Friday, August 4th. Finally, Jefferies Group LLC set a $8.00 target price on Kosmos Energy and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $8.50.
Kosmos Energy Ltd. (NYSE KOS) opened at 7.34 on Friday. The firm’s market cap is $2.85 billion. Kosmos Energy Ltd. has a 1-year low of $4.39 and a 1-year high of $7.90. The company has a 50 day moving average price of $6.90 and a 200 day moving average price of $6.43.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $146.50 million for the quarter, compared to the consensus estimate of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The firm’s revenue was up 220.6% compared to the same quarter last year. During the same period last year, the business posted ($0.11) earnings per share. On average, equities research analysts forecast that Kosmos Energy Ltd. will post ($0.26) earnings per share for the current year.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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