Kosmos Energy Ltd. (NYSE:KOS) Short Interest Update

Kosmos Energy Ltd. (NYSE:KOS) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 35,855,920 shares, a drop of 26.1% from the February 26th total of 48,510,803 shares. Based on an average daily volume of 43,082,346 shares, the short-interest ratio is presently 0.8 days. Currently, 7.6% of the shares of the stock are sold short.

Analyst Ratings Changes

KOS has been the topic of several research analyst reports. Sanford C. Bernstein dropped their target price on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research report on Monday, January 5th. Mizuho reduced their price target on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Friday, December 12th. Bank of America reaffirmed an “underperform” rating and issued a $1.00 price target (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Wednesday, March 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.19.

Kosmos Energy Trading Up 1.4%

Shares of KOS stock opened at $2.95 on Tuesday. Kosmos Energy has a fifty-two week low of $0.84 and a fifty-two week high of $3.02. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.45 and a current ratio of 0.75. The stock’s fifty day moving average is $2.03 and its two-hundred day moving average is $1.58. The firm has a market capitalization of $1.42 billion, a P/E ratio of -2.02, a PEG ratio of 0.44 and a beta of 0.76.

Kosmos Energy (NYSE:KOS) last released its earnings results on Saturday, February 14th. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $294.62 million for the quarter. Kosmos Energy had a negative return on equity of 39.29% and a negative net margin of 54.18%. Research analysts expect that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kosmos Energy news, Director Adebayo O. Ogunlesi bought 3,157,895 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average price of $1.90 per share, for a total transaction of $6,000,000.50. Following the transaction, the director directly owned 4,974,184 shares of the company’s stock, valued at approximately $9,450,949.60. This represents a 173.87% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Josh R. Marion sold 19,656 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total value of $26,928.72. Following the transaction, the senior vice president owned 197,409 shares in the company, valued at $270,450.33. This trade represents a 9.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders bought 3,684,210 shares of company stock valued at $6,999,999 and sold 272,844 shares valued at $377,592. 2.02% of the stock is owned by corporate insiders.

Institutional Trading of Kosmos Energy

Large investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in Kosmos Energy by 41.0% in the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 7,169 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of Kosmos Energy by 18.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after purchasing an additional 9,159 shares during the last quarter. Equitable Holdings Inc. grew its position in shares of Kosmos Energy by 30.3% in the fourth quarter. Equitable Holdings Inc. now owns 45,539 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 10,598 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Kosmos Energy by 35.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 11,209 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kosmos Energy by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 12,045 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.