TVR Capital Management LP Invests $4.41 Million in Kosmos Energy Ltd. (KOS) Stock
TVR Capital Management LP purchased a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 688,000 shares of the oil and gas producer’s stock, valued at approximately $4,410,000. Kosmos Energy comprises 1.2% of TVR Capital Management LP’s investment portfolio, making the stock its 25th largest position. TVR Capital Management LP owned approximately 0.18% of Kosmos Energy as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC boosted its stake in Kosmos Energy by 3.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock valued at $210,687,000 after purchasing an additional 1,010,626 shares during the last quarter. Capital Research Global Investors boosted its stake in Kosmos Energy by 15.9% during the 2nd quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock valued at $193,282,000 after purchasing an additional 4,130,107 shares during the last quarter. BlackRock Inc. boosted its stake in Kosmos Energy by 5.2% during the 2nd quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock valued at $102,942,000 after purchasing an additional 787,145 shares during the last quarter. Prudential PLC boosted its stake in Kosmos Energy by 17.4% during the 2nd quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock valued at $88,149,000 after purchasing an additional 2,036,371 shares during the last quarter. Finally, Capital World Investors boosted its stake in Kosmos Energy by 211.1% during the 2nd quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock valued at $77,986,000 after purchasing an additional 8,255,929 shares during the last quarter.
Kosmos Energy Ltd. (KOS) traded down 1.17% during trading on Friday, hitting $7.61. 1,682,069 shares of the company’s stock traded hands. Kosmos Energy Ltd. has a 12 month low of $4.39 and a 12 month high of $8.21. The company’s 50 day moving average is $7.38 and its 200-day moving average is $6.63. The stock’s market cap is $2.96 billion.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. The firm had revenue of $146.50 million for the quarter, compared to analysts’ expectations of $168.71 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The business’s revenue for the quarter was up 220.6% on a year-over-year basis. On average, analysts predict that Kosmos Energy Ltd. will post ($0.25) earnings per share for the current year.
Several research firms have commented on KOS. Bank of America Corporation began coverage on shares of Kosmos Energy in a research report on Friday, September 29th. They set a “neutral” rating and a $9.00 target price on the stock. BMO Capital Markets reissued a “buy” rating and set a $9.00 target price on shares of Kosmos Energy in a research report on Wednesday, September 27th. Jefferies Group LLC cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of Kosmos Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Sanford C. Bernstein began coverage on shares of Kosmos Energy in a research report on Wednesday, September 6th. They set a “market perform” rating and a $7.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $8.63.
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Kosmos Energy 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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