Patient Capital Management LLC Sells 16,025,064 Shares of Kosmos Energy Ltd. $KOS

Patient Capital Management LLC decreased its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 82.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,314,653 shares of the oil and gas producer’s stock after selling 16,025,064 shares during the period. Patient Capital Management LLC’s holdings in Kosmos Energy were worth $5,502,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Foster Group Inc. bought a new stake in shares of Kosmos Energy in the 2nd quarter valued at about $26,000. Blueshift Asset Management LLC bought a new position in Kosmos Energy during the 2nd quarter worth approximately $27,000. Verum Partners LLC acquired a new position in shares of Kosmos Energy in the 2nd quarter worth approximately $29,000. Ellevest Inc. bought a new stake in shares of Kosmos Energy in the 2nd quarter valued at $34,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Kosmos Energy by 53.2% during the second quarter. Public Employees Retirement System of Ohio now owns 24,103 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 8,371 shares during the period. 95.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on KOS. Sanford C. Bernstein cut their price target on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research report on Monday, January 5th. Clarkson Capital started coverage on Kosmos Energy in a report on Friday, October 24th. They issued a “buy” rating and a $4.00 target price for the company. Mizuho dropped their price target on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Stephens assumed coverage on Kosmos Energy in a report on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.08.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $1.21 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 3.04. The firm has a fifty day simple moving average of $1.08 and a two-hundred day simple moving average of $1.53. Kosmos Energy Ltd. has a 12 month low of $0.84 and a 12 month high of $3.65. The firm has a market capitalization of $576.39 million, a PE ratio of -1.77 and a beta of 0.89.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share (EPS) 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 business had revenue of $310.96 million for the quarter, compared to analyst estimates 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. 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.