BlackRock Fund Advisors has recently announced that it has increased stake in Kosmos Energy Ltd (NYSE:KOS) by 2.26%. After grabbing 29.02 million shares, the institutional investor is now in possession of 0.64 million shares of the Energy Company. The new investment brought the stake of investor firm to 6.31% having worth around $197.01 million. Moreover, Grantham, Mayo, Van Otterloo & Co increased its share by 2.69 million to have a control over 22.34 million shares. And Vaughan Nelson Investment Managem raised its holdings to 1.85 million shares by acquiring 20.96 million shares or 4.56% of the stake.
Kosmos Energy Ltd (KOS) concluded trading on 01/04/24 at a closing price of $6.73, with 6.01 million shares of worth about $40.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.30% during that period and on Thursday the price saw a loss of about -2.04%. Currently the company’s common shares owned by public are about 455.90M shares, out of which, 450.02M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the KOS stock and their offered price forecasts bring an average price target of $9.42. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $10.50 and could fall to a lowest price of $8.00. The stock’s current price level is 29.68% above of average price target set by the analysts, while a rise to estimated low would result in gain of 15.87% for the stock. However, touching the estimated high of $10.50 would mean a gain of 35.9% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 39 times over the past 12 months. They bought 1,636,579 shares in 25 of the transactions. In 14 selling transactions, insiders dumped 936,111 shares.
GMO Resources Fund, Fidelity Strategic Advisers US To, and Fidelity Series Large Cap Stock F are the top 3 mutual funds which are holding stakes in Kosmos Energy Ltd GMO Resources Fund is currently holding 16.0 million shares of worth totaling $108.62 million. The company recently came buying 1.5 million shares which brought its stake up to 3.48% of the company’s outstanding shares. Fidelity Strategic Advisers US To bought 0.65 million shares, after which its hold over company’s outstanding shares expand to 2.71%, leaving 12.45 million shares with the mutual fund that have a worth of about $84.52 million. Fidelity Series Large Cap Stock F, after selling 11.63 million shares, have now control over 2.53% of the stake in the company. It holds -0.19 million shares of worth $78.94 million.
Kosmos Energy Ltd (NYSE: KOS) started trading at $6.85, below -$0.02 from concluding price of the previous day. Stock saw a price change of -3.58% in past 5 days and over the past one month there was a price change of 1.51%. Year-to-date (YTD), KOS shares are showing a performance of 0.30% which increased to 12.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.28 but also hit the highest price of $8.55 during that period. The average intraday trading volume for Kosmos Energy Ltd shares is 4.37 million. The stock is currently trading 2.18% above its 20-day simple moving average (SMA20), while that difference is down -1.64% for SMA50 and it goes to -2.02% lower than SMA200.
BlackRock Fund Advisors acquired 29.02 million shares of Kosmos Energy Ltd having value of about $197.01 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.64 million shares in the company valued at close to $4313438.71, or have control over 2.26% stake in the company. Kosmos Energy Ltd (NYSE: KOS) currently have 455.90M outstanding shares and institutions hold larger chunk of about 95.80% of that. Holding of mutual funds in the company is about 40.42% while other institutional holders and individual stake holders have control over 56.85% and 13.90% of the stake respectively.
The stock has a current market capitalization of $3.10B and its 3Y-monthly beta is at 2.44. PE ratio of stock for trailing 12 months is 45.20, while it has posted earnings per share of $0.15 in the same period. Its PEG reads 1.90 and has Quick Ratio of 0.54 while making debt-to-equity ratio of 2.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KOS, volatility over the week remained 3.16% while standing at 3.19% over the month.
Analysts are in expectations that Kosmos Energy Ltd (KOS) stock would likely to be making an EPS of $0.23 in the current quarter, while forecast for next quarter EPS is $0.16 and it is $0.97 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.17 which is $0.31 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -19.26% while it is estimated to increase by 49.62% in next year.
Analysts at 10 brokerage firms have issued recommendations for the Kosmos Energy Ltd (KOS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.20. Out of those 10 Wall Street analysts, 9 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on November 20, 2023 offering a Buy rating for the stock and assigned a target price of $10 to it.
