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

Kosmos Energy Ltd. (NYSE:KOS – Get Rating) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 23,680,000 shares, a growth of 6.8% from the February 13th total of 22,180,000 shares. Based on an average trading volume of 6,230,000 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. PNC Financial Services Group Inc. grew its holdings in Kosmos Energy by 143.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 2,110 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Kosmos Energy in the 4th quarter valued at approximately $27,000. Dark Forest Capital Management LP acquired a new position in Kosmos Energy in the 2nd quarter worth approximately $31,000. Captrust Financial Advisors grew its stake in shares of Kosmos Energy by 50.1% during the 1st 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. Finally, Lazard Asset Management LLC acquired a new stake in shares of Kosmos Energy during the 1st quarter worth approximately $45,000. 87.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KOS. StockNews.com began coverage on shares of Kosmos Energy in a research note on Thursday. They issued a “sell” rating for the company. Peel Hunt began coverage on shares of Kosmos Energy in a research report on Friday, March 10th. They set an “add” rating and a $8.94 target price for the company. Bank of America downgraded shares of Kosmos Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $9.60 in a report on Tuesday, February 28th. Barclays lowered their target price on shares of Kosmos Energy from $10.75 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Kosmos Energy in a research note on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Kosmos Energy presently has a consensus rating of “Moderate Buy” and an average price target of $130.51.

Kosmos Energy Trading Down 2.7 %

NYSE KOS opened at $6.20 on Friday. The company’s 50-day moving average price is $7.51 and its 200-day moving average price is $6.66. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 2.79. The stock has a market cap of $2.85 billion, a PE ratio of 12.92, a PEG ratio of 1.31 and a beta of 2.77. Kosmos Energy has a 12 month low of $4.64 and a 12 month high of $8.55.

Kosmos Energy (NYSE:KOS – Get Rating) last issued its earnings results on Sunday, February 26th. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Kosmos Energy had a net margin of 9.85% and a return on equity of 66.00%. The company had revenue of $563.72 million for the quarter. During the same quarter in the previous year, the company earned $0.13 earnings per share. Equities research analysts forecast that Kosmos Energy will post 1.21 earnings per share for the current year.

Kosmos Energy Company Profile

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Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firm’s assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.