Point72 Asset Management L.P. Purchases New Shares in Kosmos Energy Ltd. (NYSE:KOS)

Point72 Asset Management L.P. acquired a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 64,027 shares of the oil and gas producer’s stock, valued at approximately $258,000.

A number of other hedge funds also recently bought and sold shares of the company. Comerica Bank raised its holdings in shares of Kosmos Energy by 27.1% during the first quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock valued at $118,000 after acquiring an additional 4,213 shares during the period. CWM LLC raised its stake in Kosmos Energy by 82.2% during the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 2,969 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Kosmos Energy by 46.2% in the second quarter. SG Americas Securities LLC now owns 59,416 shares of the oil and gas producer’s stock valued at $329,000 after purchasing an additional 18,768 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Kosmos Energy in the second quarter worth $61,000. Finally, Raymond James & Associates purchased a new position in shares of Kosmos Energy during the second quarter valued at $1,461,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Price Performance

Shares of KOS opened at $3.14 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The firm has a market cap of $1.48 billion, a PE ratio of 7.13, a PEG ratio of 0.44 and a beta of 2.41. Kosmos Energy Ltd. has a twelve month low of $3.13 and a twelve month high of $7.07. The firm’s 50 day moving average price is $3.94 and its 200 day moving average price is $4.67.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KOS shares. Sanford C. Bernstein reduced their price objective on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Benchmark reduced their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Bank of America lowered their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Mizuho started coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.75.

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.