Uncovering Institutional Buying In Kosmos Energy Ltd. (NYSE: KOS)


    Fidelity Management & Research Co.. recently announced the acquisition of new stake in Kosmos Energy Ltd. (NYSE:KOS). The institutional investor has increased its shareholding in the Energy company by 17.31% to 54.21 million shares with purchase of 8.0 million shares. This fresh investment now brings its stake to 13.38% valued currently at $87.27 million. In addition, Vaughan Nelson Investment Managem.. raised its holdings by 1.14 million to 28.5 million shares. And BlackRock Fund Advisors has lifted its position by 64.79% or 9.53 million shares – to 24.24 million shares.

    With over 4.41 million Kosmos Energy Ltd. (KOS) shares trading Monday and a closing price of $1.47 on the day, the dollar volume was approximately $6.48 million. The shares have shown a negative weekly performance of -6.37% and its price on 08/31/20 lost nearly -3.92%. Currently, there are 405.20M common shares owned by the public and among those 384.40M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for KOS have a consensus price objective of $2.70. The analysts have set the share’s price value over the next 12 months at a high of $4.50 and a low of $1.40 should the stock experience a downside. Incidentally, analysts’ outlook for the Kosmos Energy Ltd. stock is 2.40 for the next 12 months. But an upside of 67.33% will see the stock hit the forecast high price target while mean target price for the stock is $2.75.

    Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 1,804,882 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 414,445 shares.

    The top 3 mutual fund holders in Kosmos Energy Ltd. are BlackRock Global Funds – World En, Fidelity Series Large Cap Stock F, and iShares Russell 2000 ETF. BlackRock Global Funds – World En owns 10.56 million shares of the company’s stock, all valued at over $17.01 million. The company bought an additional 1.53 million shares recently to bring their total holdings to about 2.61% of the shares outstanding. Fidelity Series Large Cap Stock F bought 0.82 million shares to see its total holdings expand to 9.57 million shares valued at over $15.41 million and representing 2.36% of the shares outstanding. iShares Russell 2000 ETF sold -0.39 million shares to bring its total holdings to over 8.27 million shares at a value of $13.31 million. iShares Russell 2000 ETF now owns shares totaling to 2.04% of the shares outstanding.

    Shares of Kosmos Energy Ltd. (NYSE: KOS) opened at $1.51, down -$0.02 from a prior closing price of $1.53. However, the script later closed the day at $1.47, down -3.92%. The company’s stock has a 5-day price change of -6.37% and -22.22% over the past three months. KOS shares are trading -74.21% year to date (YTD), with the 12-month market performance down to -76.74% lower. It has a 12-month low price of $0.50 and touched a high of $7.55 over the same period. Currently, 4.41 million shares have been traded, compared to an average intraday trading volume of 10.00 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.69%, -10.95%, and -52.18% respectively.

    Institutional ownership of Kosmos Energy Ltd. (NYSE: KOS) shares accounts for 88.60% of the company’s 405.20M shares outstanding. Mutual fund holders own 32.71%, while other institutional holders and individual stakeholders account for 54.91% and 15.02% respectively.

    It has a market capitalization of $568.68M and a beta (3y monthly) value of 3.39. The earnings-per-share (ttm) stands at -$0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.34% over the week and 7.56% over the month.

    Analysts forecast that Kosmos Energy Ltd. (KOS) will achieve an EPS of -$0.17 for the current quarter, -$0.16 for the next quarter and -$0.3 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.31 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was $0.04 a year ago. Earnings per share for the fiscal year are expected to increase by 40.20%, and 59.50% over the next financial year. EPS should grow at an annualized rate of 23.80% over the next five years, compared to -17.00% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Kosmos Energy Ltd. (KOS) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 8 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the KOS, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on May 14, 2020, with the firm’s price target at. RBC Capital Mkts coverage for the Kosmos Energy Ltd. (KOS) stock in a research note released on May 13, 2020 offered a Sector Perform rating with a price target of. Investec was of a view on April 21, 2020 that the stock is Hold, while Barclays gave the stock Equal Weight rating on April 01, 2020, issuing a price target of. Raymond James on their part issued Mkt Perform rating on March 17, 2020.


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