Kosmos Energy Ltd. (NYSE:KOS) Short Interest Up 6.2% in September

Kosmos Energy Ltd. (NYSE:KOS) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 46,490,000 shares, an increase of 6.2% from the September 15th total of 43,780,000 shares. Based on an average daily volume of 6,590,000 shares, the days-to-cover ratio is presently 7.1 days.

Kosmos Energy Stock Up 4.6 %

KOS stock traded up $0.19 during midday trading on Wednesday, hitting $4.17. The company’s stock had a trading volume of 9,941,378 shares, compared to its average volume of 6,754,028. The company has a market cap of $1.96 billion, a PE ratio of 9.11, a P/E/G ratio of 0.54 and a beta of 2.41. The firm’s 50-day moving average is $4.45 and its 200-day moving average is $5.27. Kosmos Energy has a 12 month low of $3.69 and a 12 month high of $7.80. The company has a current ratio of 0.73, a quick ratio of 0.50 and a debt-to-equity ratio of 2.27.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The company had revenue of $450.94 million for the quarter. On average, equities research analysts forecast that Kosmos Energy will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Sanford C. Bernstein decreased their price target on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Mizuho began coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They set a “neutral” rating and a $5.00 target price for the company. Benchmark reissued a “buy” rating and issued a $8.00 price target on shares of Kosmos Energy in a research report on Wednesday. Finally, Bank of America reduced their price objective on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.00.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new position in Kosmos Energy in the second quarter worth approximately $26,000. CWM LLC lifted its position in Kosmos Energy by 82.2% during the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 2,969 shares in the last quarter. InTrack Investment Management Inc bought a new stake in Kosmos Energy during the third quarter valued at about $44,000. Covestor Ltd grew its holdings in Kosmos Energy by 35,360.9% during the first quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 8,133 shares during the period. Finally, Naviter Wealth LLC purchased a new stake in Kosmos Energy in the third quarter worth about $48,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

About Kosmos Energy

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.