Perbak Capital Partners LLP Buys New Shares in Kosmos Energy Ltd. (NYSE:KOS)

Perbak Capital Partners LLP acquired a new position in Kosmos Energy Ltd. (NYSE:KOS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,875 shares of the oil and gas producer’s stock, valued at approximately $68,000.

Other institutional investors have also made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Kosmos Energy by 22.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock worth $111,586,000 after purchasing an additional 5,906,210 shares in the last quarter. American Century Companies Inc. grew its stake in Kosmos Energy by 11.3% in the fourth quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock valued at $101,083,000 after acquiring an additional 2,997,438 shares during the period. William Blair Investment Management LLC increased its stake in Kosmos Energy by 28.1% during the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after purchasing an additional 4,114,499 shares in the last quarter. Equinox Partners Investment Management LLC lifted its position in Kosmos Energy by 39.2% in the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after acquiring an additional 3,218,394 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Kosmos Energy by 1.2% during the fourth quarter. Invesco Ltd. now owns 7,771,597 shares of the oil and gas producer’s stock worth $26,579,000 after buying an additional 89,356 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KOS. The Goldman Sachs Group cut their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, StockNews.com downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Kosmos Energy currently has an average rating of “Hold” and an average price target of $5.27.

Kosmos Energy Price Performance

NYSE KOS opened at $1.71 on Tuesday. The company has a 50-day moving average price of $2.13 and a 200-day moving average price of $3.08. The firm has a market capitalization of $817.22 million, a P/E ratio of 3.89, a PEG ratio of 5.24 and a beta of 1.94. Kosmos Energy Ltd. has a 52 week low of $1.39 and a 52 week high of $6.33. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $397.66 million for the quarter, compared to analysts’ expectations of $387.60 million. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, CAO Ronald W. Glass sold 10,354 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $32,304.48. Following the completion of the sale, the chief accounting officer now directly owns 299,498 shares in the company, valued at approximately $934,433.76. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew G. Inglis sold 138,689 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $432,709.68. Following the transaction, the chief executive officer now directly owns 3,959,000 shares of the company’s stock, valued at $12,352,080. This represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 503,970 shares of company stock worth $1,572,386. Insiders own 2.02% of the company’s stock.

About Kosmos Energy

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.