Kosmos Energy Ltd. (NYSE:KOS – Get Rating) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 26,900,000 shares, an increase of 15.5% from the August 31st total of 23,280,000 shares. Based on an average daily volume of 6,970,000 shares, the short-interest ratio is presently 3.9 days.
Kosmos Energy Price Performance
KOS stock traded down $0.18 during midday trading on Friday, hitting $5.17. The company’s stock had a trading volume of 5,819,149 shares, compared to its average volume of 7,032,739. Kosmos Energy has a 12 month low of $2.86 and a 12 month high of $8.48. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 0.54 and a beta of 2.81. The company has a 50 day moving average of $6.23 and a two-hundred day moving average of $6.65.
Kosmos Energy (NYSE:KOS – Get Rating) last posted its quarterly earnings results on Sunday, August 7th. The oil and gas producer reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Kosmos Energy had a return on equity of 58.18% and a net margin of 9.19%. During the same period in the prior year, the business posted ($0.03) earnings per share. On average, analysts expect that Kosmos Energy will post 1.1 EPS for the current year.
Analyst Ratings Changes
Several research firms have issued reports on KOS. Berenberg Bank upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $8.30 to $8.50 in a research note on Thursday, August 25th. Barclays upped their target price on shares of Kosmos Energy from $10.40 to $11.60 and gave the company an “overweight” rating in a research note on Wednesday, August 24th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.87.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in 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 buying an additional 2,110 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in Kosmos Energy in the second quarter worth $31,000. Captrust Financial Advisors increased 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 worth $32,000 after purchasing an additional 1,467 shares during the period. FNY Investment Advisers LLC purchased a new stake in Kosmos Energy in the first quarter worth $41,000. Finally, Lazard Asset Management LLC purchased a new stake in Kosmos Energy in the first quarter worth $45,000. 86.87% of the stock is currently owned by institutional investors.
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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