Kosmos Energy Ltd. (NYSE:KOS) Short Interest Update

Kosmos Energy Ltd. (NYSE:KOS) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 20,880,000 shares, a decline of 8.5% from the October 15th total of 22,820,000 shares. Based on an average daily trading volume, of 4,760,000 shares, the short-interest ratio is currently 4.4 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KOS shares. Barclays boosted their price target on shares of Kosmos Energy from $9.40 to $9.80 in a research note on Tuesday, October 3rd. Benchmark restated a “buy” rating and set a $10.00 price target on shares of Kosmos Energy in a research report on Tuesday, August 8th. Redburn Partners assumed coverage on Kosmos Energy in a report on Thursday, July 20th. They issued a “buy” rating and a $9.00 price objective on the stock. StockNews.com raised Kosmos Energy to a “sell” rating in a research note on Tuesday, November 7th. Finally, Sanford C. Bernstein downgraded Kosmos Energy from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $12.00 to $9.00 in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of “Moderate Buy” and an average target price of $9.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOS. PNC Financial Services Group Inc. lifted its position in shares of Kosmos Energy by 143.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 2,110 shares during the last quarter. Captrust Financial Advisors raised its stake in Kosmos Energy by 50.1% in the first quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 1,467 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Kosmos Energy during the 1st quarter worth about $45,000. Parkside Financial Bank & Trust boosted its position in shares of Kosmos Energy by 33.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 7,054 shares of the oil and gas producer’s stock worth $52,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in shares of Kosmos Energy in the 2nd quarter valued at about $60,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Kosmos Energy Stock Up 1.9 %

NYSE:KOS traded up $0.13 during midday trading on Friday, reaching $6.94. The company had a trading volume of 4,398,616 shares, compared to its average volume of 5,444,907. Kosmos Energy has a 12-month low of $5.28 and a 12-month high of $8.55. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 42.56, a PEG ratio of 0.67 and a beta of 2.62. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 2.39. The stock’s fifty day simple moving average is $7.34 and its 200-day simple moving average is $6.85.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Sunday, November 5th. The oil and gas producer reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Kosmos Energy had a return on equity of 38.42% and a net margin of 4.41%. The business had revenue of $526.55 million during the quarter. During the same quarter in the previous year, the business posted $0.19 EPS. On average, sell-side analysts anticipate that Kosmos Energy will post 0.77 earnings per share for the current fiscal year.

About Kosmos Energy

Kosmos Energy Ltd. engages in the exploration and production of oil and gas properties 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 a gas projects located in offshore Mauritania and Senegal.