InTrack Investment Management Inc Takes Position in Kosmos Energy Ltd. (NYSE:KOS)

InTrack Investment Management Inc purchased a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,900 shares of the oil and gas producer’s stock, valued at approximately $44,000.

A number of other institutional investors also recently modified their holdings of KOS. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Kosmos Energy by 23.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 25,145,473 shares of the oil and gas producer’s stock worth $149,867,000 after buying an additional 4,830,005 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Kosmos Energy by 17.2% during the 2nd quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock worth $137,470,000 after buying an additional 3,636,663 shares in the last quarter. M&G Plc acquired a new position in shares of Kosmos Energy during the 1st quarter worth $20,800,000. Webs Creek Capital Management LP acquired a new position in shares of Kosmos Energy during the 1st quarter worth $17,396,000. Finally, William Blair Investment Management LLC raised its holdings in shares of Kosmos Energy by 13.5% during the 2nd quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock worth $75,460,000 after buying an additional 1,624,495 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on KOS. Sanford C. Bernstein lowered their price target on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Bank of America lowered their price target on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Benchmark reaffirmed a “buy” rating and issued a $8.00 target price on shares of Kosmos Energy in a report on Tuesday, August 6th. Finally, Mizuho assumed coverage on Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.00.

Kosmos Energy Price Performance

Shares of KOS opened at $4.44 on Friday. Kosmos Energy Ltd. has a 12-month low of $3.69 and a 12-month high of $7.82. The business has a 50-day simple moving average of $4.47 and a two-hundred day simple moving average of $5.30. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27. The stock has a market cap of $2.09 billion, a PE ratio of 9.65, a PEG ratio of 0.54 and a beta of 2.41.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). The company had revenue of $450.94 million during the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. Analysts anticipate that Kosmos Energy Ltd. will post 0.46 earnings per share for the current fiscal year.

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.