Kosmos Energy Ltd. (NYSE:KOS – Get Rating) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 23,280,000 shares, a decline of 10.7% from the August 15th total of 26,080,000 shares. Based on an average trading volume of 7,380,000 shares, the days-to-cover ratio is currently 3.2 days.
Institutional Trading of Kosmos Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors increased its stake in shares of 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 worth $32,000 after acquiring an additional 1,467 shares during the period. Advisory Services Network LLC increased its stake in shares of Kosmos Energy by 5.8% in the first quarter. Advisory Services Network LLC now owns 27,425 shares of the oil and gas producer’s stock worth $197,000 after acquiring an additional 1,500 shares during the period. Royal Bank of Canada increased its stake in shares of Kosmos Energy by 5.1% in the first quarter. Royal Bank of Canada now owns 33,606 shares of the oil and gas producer’s stock worth $241,000 after acquiring an additional 1,618 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Kosmos Energy by 143.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 2,110 shares during the period. Finally, Xponance Inc. increased its stake in shares of Kosmos Energy by 14.3% in the second quarter. Xponance Inc. now owns 24,483 shares of the oil and gas producer’s stock worth $152,000 after acquiring an additional 3,070 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on KOS. Berenberg Bank upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $8.30 to $8.50 in a research note on Thursday, August 25th. Barclays boosted their price objective on shares of Kosmos Energy from $10.40 to $11.60 and gave the stock an “overweight” rating in a research note on Wednesday, August 24th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.87.
Kosmos Energy Stock Performance
Kosmos Energy stock traded down $0.21 during mid-day trading on Monday, reaching $6.31. 133,188 shares of the company traded hands, compared to its average volume of 9,984,498. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.80 and a quick ratio of 0.62. Kosmos Energy has a fifty-two week low of $2.21 and a fifty-two week high of $8.48. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.66 and a beta of 2.81. The firm’s fifty day moving average is $6.24 and its two-hundred day moving average is $6.69.
Kosmos Energy (NYSE:KOS – Get Rating) last issued its quarterly earnings results on Sunday, August 7th. The oil and gas producer reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Kosmos Energy had a net margin of 9.19% and a return on equity of 58.18%. During the same quarter last year, the business posted ($0.03) EPS. On average, equities research analysts expect that Kosmos Energy will post 1.1 earnings per share for the current fiscal year.
About Kosmos Energy
Kosmos Energy Ltd., a deep-water independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company’s primary assets include production offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal.
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