Kosmos Energy Ltd. (KOS) Sees Significant Decrease in Short Interest
Kosmos Energy Ltd. (NYSE:KOS) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 13,060,329 shares, a drop of 14.0% from the August 31st total of 15,181,565 shares. Currently, 8.4% of the company’s shares are short sold. Based on an average daily volume of 1,134,197 shares, the short-interest ratio is currently 11.5 days.
Several analysts recently weighed in on KOS shares. Zacks Investment Research upgraded shares of Kosmos Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 target price for the company in a report on Tuesday, July 12th. Royal Bank Of Canada upgraded shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $6.00 to $9.00 in a research note on Wednesday, August 31st. Finally, RBC Capital Markets upgraded shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $6.00 to $9.00 in a research note on Wednesday, August 31st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $8.05.
Kosmos Energy (NYSE:KOS) opened at 6.32 on Thursday. The company’s 50 day moving average is $6.07 and its 200-day moving average is $5.76. Kosmos Energy has a 52 week low of $3.17 and a 52 week high of $8.00. The firm’s market cap is $2.44 billion.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.02. The company had revenue of $45.68 million for the quarter, compared to the consensus estimate of $121.81 million. Kosmos Energy had a negative net margin of 25.56% and a negative return on equity of 2.63%. Kosmos Energy’s revenue was up 37397.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.20) earnings per share. Equities analysts expect that Kosmos Energy will post ($0.35) earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its position in Kosmos Energy by 54.6% in the second quarter. Cubist Systematic Strategies LLC now owns 18,994 shares of the company’s stock worth $104,000 after buying an additional 6,712 shares in the last quarter. Amalgamated Bank increased its position in Kosmos Energy by 3.4% in the second quarter. Amalgamated Bank now owns 18,970 shares of the company’s stock worth $106,000 after buying an additional 616 shares in the last quarter. Teacher Retirement System of Texas increased its position in Kosmos Energy by 26.9% in the second quarter. Teacher Retirement System of Texas now owns 20,837 shares of the company’s stock worth $114,000 after buying an additional 4,415 shares in the last quarter. AXA bought a new position in Kosmos Energy during the second quarter worth $136,000. Finally, Utah Retirement Systems increased its position in shares of Kosmos Energy by 1.1% in the second quarter. Utah Retirement Systems now owns 28,545 shares of the company’s stock worth $156,000 after buying an additional 300 shares in the last quarter. 96.40% of the stock is currently owned by institutional investors.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
Receive News & Stock Ratings for Kosmos Energy Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kosmos Energy Ltd. and related stocks with our FREE daily email newsletter.