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

Kosmos Energy Ltd. (NYSE:KOS) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 38,620,000 shares, a growth of 8.7% from the March 15th total of 35,520,000 shares. Based on an average daily trading volume, of 7,890,000 shares, the days-to-cover ratio is presently 4.9 days.

Analyst Upgrades and Downgrades

Several brokerages have commented on KOS. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, March 15th. TheStreet lowered shares of Kosmos Energy from a “b” rating to a “c+” rating in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Kosmos Energy has an average rating of “Moderate Buy” and a consensus price target of $9.63.

Kosmos Energy Stock Up 0.7 %

Shares of KOS traded up $0.04 during mid-day trading on Wednesday, reaching $6.09. The company had a trading volume of 8,193,635 shares, compared to its average volume of 8,756,466. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.49 and a current ratio of 0.76. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.75 and a beta of 2.37. The firm has a 50-day moving average price of $5.86 and a 200 day moving average price of $6.47. Kosmos Energy has a 52 week low of $5.23 and a 52 week high of $8.28.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The company had revenue of $507.81 million during the quarter. Kosmos Energy had a net margin of 12.55% and a return on equity of 39.94%. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, sell-side analysts forecast that Kosmos Energy will post 0.75 EPS for the current year.

Insider Buying and Selling

In related news, SVP Jason Doughty sold 66,616 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $6.03, for a total transaction of $401,694.48. Following the transaction, the senior vice president now owns 1,458,018 shares of the company’s stock, valued at approximately $8,791,848.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Jason Doughty sold 66,616 shares of Kosmos Energy stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $6.03, for a total value of $401,694.48. Following the transaction, the senior vice president now directly owns 1,458,018 shares of the company’s stock, valued at $8,791,848.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Nealesh D. Shah sold 84,672 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $510,572.16. Following the completion of the sale, the chief financial officer now directly owns 1,502,206 shares in the company, valued at approximately $9,058,302.18. The disclosure for this sale can be found here. Insiders sold 335,337 shares of company stock worth $2,022,082 in the last quarter. 1.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors have recently modified their holdings of KOS. Oslo Asset Management AS lifted its stake in Kosmos Energy by 54.5% during the 4th quarter. Oslo Asset Management AS now owns 1,700,000 shares of the oil and gas producer’s stock valued at $11,407,000 after acquiring an additional 600,000 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Kosmos Energy by 9.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 20,964,316 shares of the oil and gas producer’s stock valued at $171,488,000 after purchasing an additional 1,845,273 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Kosmos Energy by 189.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 106,131 shares of the oil and gas producer’s stock valued at $712,000 after purchasing an additional 69,473 shares during the period. Adage Capital Partners GP L.L.C. increased its position in Kosmos Energy by 31.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 3,800,000 shares of the oil and gas producer’s stock worth $31,084,000 after buying an additional 900,000 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Kosmos Energy in the third quarter worth about $25,820,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company's primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.