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Alambic Investment Management L.P. Takes $1.23 Million Position in Kosmos Energy Ltd (NYSE:KOS)

By September 15, 2019 No Comments

Alambic Investment Management L.P. acquired a new stake in Kosmos Energy Ltd (NYSE:KOS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 196,300 shares of the oil and gas producer’s stock, valued at approximately $1,231,000. Kosmos Energy accounts for approximately 0.8% of Alambic Investment Management L.P.’s holdings, making the stock its 28th biggest holding.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in shares of Kosmos Energy by 34.1% during the 1st quarter. SG Americas Securities LLC now owns 180,806 shares of the oil and gas producer’s stock valued at $1,126,000 after buying an additional 45,976 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Kosmos Energy during the first quarter worth about $124,000. Laurion Capital Management LP acquired a new position in Kosmos Energy during the first quarter worth about $1,808,000. TD Asset Management Inc. grew its holdings in Kosmos Energy by 13.7% during the first quarter. TD Asset Management Inc. now owns 29,038 shares of the oil and gas producer’s stock worth $181,000 after acquiring an additional 3,500 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Kosmos Energy by 3.6% during the first quarter. New York State Common Retirement Fund now owns 818,900 shares of the oil and gas producer’s stock worth $5,102,000 after acquiring an additional 28,600 shares during the period. 95.94% of the stock is currently owned by institutional investors and hedge funds.

KOS opened at $6.28 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.88 and a current ratio of 1.13. The stock’s 50 day simple moving average is $6.11 and its 200-day simple moving average is $6.20. Kosmos Energy Ltd has a 1 year low of $3.53 and a 1 year high of $9.75.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $395.93 million during the quarter, compared to analyst estimates of $391.29 million. Kosmos Energy had a negative return on equity of 14.53% and a net margin of 1.87%. Kosmos Energy’s revenue for the quarter was up 83.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) EPS. As a group, equities analysts expect that Kosmos Energy Ltd will post 0.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, September 4th. Kosmos Energy’s dividend payout ratio (DPR) is presently -38.30%.

A number of equities analysts recently weighed in on KOS shares. Berenberg Bank reissued a “buy” rating on shares of Kosmos Energy in a research note on Wednesday, August 7th. Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $8.74.

About Kosmos Energy

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

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Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

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