Squarepoint Ops LLC Raises Stock Position in Kosmos Energy Ltd. $KOS

Squarepoint Ops LLC lifted its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 333.0% in the second quarter, HoldingsChannel reports. The firm owned 3,221,011 shares of the oil and gas producer’s stock after buying an additional 2,477,102 shares during the quarter. Squarepoint Ops LLC’s holdings in Kosmos Energy were worth $5,540,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Caxton Associates LLP grew its stake in Kosmos Energy by 16.9% during the 2nd quarter. Caxton Associates LLP now owns 948,065 shares of the oil and gas producer’s stock worth $1,631,000 after purchasing an additional 137,179 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Kosmos Energy by 145.4% during the second quarter. Tower Research Capital LLC TRC now owns 50,623 shares of the oil and gas producer’s stock worth $87,000 after buying an additional 29,991 shares during the period. Voleon Capital Management LP acquired a new stake in Kosmos Energy in the second quarter valued at approximately $62,000. Lazard Asset Management LLC lifted its stake in Kosmos Energy by 20.1% in the second quarter. Lazard Asset Management LLC now owns 2,361,439 shares of the oil and gas producer’s stock worth $4,060,000 after acquiring an additional 394,396 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Kosmos Energy by 217.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 153,331 shares of the oil and gas producer’s stock worth $264,000 after acquiring an additional 104,994 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Johnson Rice cut Kosmos Energy from a “buy” rating to an “accumulate” rating and cut their price target for the company from $4.50 to $3.50 in a research note on Friday, December 5th. Bank of America reiterated an “underperform” rating and issued a $1.00 price target (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, December 8th. Stephens initiated coverage on Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price target on the stock. Finally, Mizuho reduced their price objective on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Friday. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.76.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $1.03 on Monday. The firm has a market capitalization of $490.29 million, a P/E ratio of -1.51 and a beta of 0.95. Kosmos Energy Ltd. has a one year low of $0.97 and a one year high of $4.01. The company’s fifty day moving average is $1.38 and its two-hundred day moving average is $1.71. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.29 and a current ratio of 0.52.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. The firm had revenue of $310.96 million during the quarter, compared to analysts’ expectations of $360.82 million. Analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Kosmos Energy 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.