Kosmos Energy Ltd (NYSE:KOS) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 21,372,800 shares, a decrease of 9.4% from the June 30th total of 23,597,300 shares. Based on an average daily volume of 4,400,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 6.9% of the company’s shares are short sold.

Institutional investors have recently modified their holdings of the stock. FMR LLC increased its holdings in Kosmos Energy by 90.6% during the 1st quarter. FMR LLC now owns 60,187,482 shares of the oil and gas producer’s stock worth $374,967,000 after purchasing an additional 28,613,476 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Kosmos Energy by 3.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 25,157,950 shares of the oil and gas producer’s stock valued at $157,740,000 after acquiring an additional 804,755 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Kosmos Energy by 74.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,018,322 shares of the oil and gas producer’s stock valued at $144,324,000 after acquiring an additional 9,788,958 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Kosmos Energy by 11.7% in the 2nd quarter. BlackRock Inc. now owns 19,992,155 shares of the oil and gas producer’s stock valued at $125,352,000 after acquiring an additional 2,101,446 shares in the last quarter. Finally, FIL Ltd grew its holdings in shares of Kosmos Energy by 66.8% in the 1st quarter. FIL Ltd now owns 5,987,816 shares of the oil and gas producer’s stock valued at $36,813,000 after acquiring an additional 2,397,156 shares in the last quarter. 96.66% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy stock traded down $0.17 during mid-day trading on Wednesday, hitting $6.31. 59,206 shares of the company’s stock were exchanged, compared to its average volume of 4,309,564. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of -13.36 and a beta of 2.00. Kosmos Energy has a fifty-two week low of $3.53 and a fifty-two week high of $9.75. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 2.41. The company has a 50 day moving average price of $5.94.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $395.93 million for the quarter, compared to analyst estimates of $391.29 million. Kosmos Energy had a negative return on equity of 14.53% and a net margin of 1.87%. The business’s quarterly revenue was up 83.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) EPS. On average, sell-side analysts anticipate that Kosmos Energy will post 0.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.85%. The ex-dividend date is Wednesday, September 4th. Kosmos Energy’s payout ratio is presently -38.30%.

A number of research analysts have recently weighed in on the company. Macquarie assumed coverage on Kosmos Energy in a research note on Wednesday, May 1st. They issued an “outperform” rating and a $6.69 price target on the stock. Zacks Investment Research downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Berenberg Bank reissued a “buy” rating on shares of Kosmos Energy in a research note on Wednesday, August 7th. Finally, ValuEngine downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $8.74.

About Kosmos Energy

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

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