Kosmos Energy Ltd. (NYSE:KOS) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 19,370,000 shares, a decrease of 16.0% from the March 31st total of 23,050,000 shares. Approximately 4.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,620,000 shares, the days-to-cover ratio is presently 2.5 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC boosted its stake in shares of Kosmos Energy by 22.6% in the first quarter. Great Lakes Advisors LLC now owns 123,630 shares of the oil and gas producer’s stock valued at $380,000 after purchasing an additional 22,825 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Kosmos Energy during the first quarter worth about $136,000. UBS Asset Management Americas Inc. increased its stake in shares of Kosmos Energy by 30.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,162,046 shares of the oil and gas producer’s stock worth $2,731,000 after buying an additional 268,755 shares during the period. Hsbc Holdings PLC purchased a new position in Kosmos Energy in the fourth quarter worth approximately $102,000. Finally, JPMorgan Chase & Co. lifted its stake in Kosmos Energy by 50.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,612,707 shares of the oil and gas producer’s stock worth $6,140,000 after acquiring an additional 873,950 shares during the last quarter. Institutional investors and hedge funds own 80.36% of the company’s stock.

Several brokerages have weighed in on KOS. Zacks Investment Research upgraded Kosmos Energy from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a report on Wednesday, April 28th. Berenberg Bank raised their price target on shares of Kosmos Energy from $2.75 to $2.95 and gave the stock a “hold” rating in a research report on Tuesday, March 2nd. Johnson Rice upgraded shares of Kosmos Energy from a “hold” rating to an “accumulate” rating in a research note on Tuesday, March 9th. Finally, The Goldman Sachs Group upgraded Kosmos Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $2.40 to $4.50 in a research report on Tuesday, February 23rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $2.86.

KOS stock traded down $0.22 during trading on Tuesday, reaching $2.78. 411,353 shares of the stock were exchanged, compared to its average volume of 7,486,647. The company has a current ratio of 1.05, a quick ratio of 0.80 and a debt-to-equity ratio of 5.15. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -2.48 and a beta of 3.77. The business has a 50 day moving average price of $2.96 and a 200-day moving average price of $2.43. Kosmos Energy has a 1 year low of $0.90 and a 1 year high of $3.69.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Sunday, February 21st. The oil and gas producer reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. Kosmos Energy had a negative net margin of 45.99% and a negative return on equity of 41.86%. The firm had revenue of $366.32 million for the quarter. On average, research analysts anticipate that Kosmos Energy will post -0.67 EPS for the current year.

About Kosmos Energy

Kosmos Energy Ltd., a deepwater 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.

Further Reading: P/E Growth (PEG)

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