Alpine Global Management LLC Takes $188,000 Position in Kosmos Energy Ltd. $KOS

Alpine Global Management LLC bought a new position in Kosmos Energy Ltd. (NYSE:KOS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 206,729 shares of the oil and gas producer’s stock, valued at approximately $188,000.

Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors increased its stake in shares of Kosmos Energy by 93.9% during the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 13,854 shares in the last quarter. Old Port Advisors bought a new stake in shares of Kosmos Energy in the 4th quarter worth approximately $27,000. Cibc World Markets Corp purchased a new stake in shares of Kosmos Energy in the 4th quarter worth approximately $28,000. Public Employees Retirement System of Ohio grew its stake in shares of Kosmos Energy by 35.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 11,209 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Kosmos Energy by 41.0% during the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after buying an additional 7,169 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KOS has been the subject of a number of recent research reports. Mizuho reiterated an “underperform” rating and set a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research note on Wednesday, May 27th. The Goldman Sachs Group downgraded Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a report on Thursday, April 9th. Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Kosmos Energy currently has a consensus rating of “Reduce” and a consensus price target of $2.44.

Insider Activity at Kosmos Energy

In related news, Director Roy A. Franklin sold 43,466 shares of Kosmos Energy stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the transaction, the director directly owned 150,722 shares in the company, valued at approximately $411,471.06. The trade was a 22.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven Sterin sold 38,636 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $105,476.28. Following the sale, the director directly owned 331,295 shares of the company’s stock, valued at $904,435.35. This represents a 10.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 125,568 shares of company stock worth $342,801. Corporate insiders own 1.90% of the company’s stock.

Kosmos Energy Price Performance

NYSE KOS opened at $2.45 on Friday. The company has a 50-day moving average price of $2.84 and a 200-day moving average price of $2.10. Kosmos Energy Ltd. has a 52 week low of $0.84 and a 52 week high of $3.34. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. The firm has a market capitalization of $1.45 billion, a P/E ratio of -1.46, a PEG ratio of 0.37 and a beta of 0.68.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The business had revenue of $370.73 million during the quarter, compared to analysts’ expectations of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.24 earnings per share for the current year.

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.