Royce & Associates LP Takes $3.55 Million Position in Kosmos Energy Ltd. (NYSE:KOS)

Royce & Associates LP bought a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 880,000 shares of the oil and gas producer’s stock, valued at approximately $3,546,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in Kosmos Energy during the second quarter worth about $26,000. CWM LLC raised its holdings in shares of Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 2,969 shares in the last quarter. Signaturefd LLC lifted its position in shares of Kosmos Energy by 39,777.8% during the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock worth $43,000 after buying an additional 10,740 shares during the period. InTrack Investment Management Inc acquired a new stake in Kosmos Energy in the 3rd quarter valued at $44,000. Finally, Covestor Ltd grew its position in Kosmos Energy by 35,360.9% in the first quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 8,133 shares during the period. Institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KOS. StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Mizuho initiated coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target for the company. Benchmark cut their target price on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Bank of America lowered their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, Sanford C. Bernstein cut their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Kosmos Energy has a consensus rating of “Moderate Buy” and an average target price of $6.60.

Kosmos Energy Stock Up 3.9 %

NYSE:KOS opened at $4.04 on Tuesday. The stock’s fifty day moving average price is $4.06 and its two-hundred day moving average price is $4.93. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 0.27 and a beta of 2.42. Kosmos Energy Ltd. has a 52-week low of $3.49 and a 52-week high of $7.20. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Kosmos Energy Company Profile

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.