Kosmos Energy Ltd. (NYSE:KOS) Sees Large Drop in Short Interest

Kosmos Energy Ltd. (NYSE:KOS) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 58,126,894 shares, a decrease of 12.6% from the December 31st total of 66,509,214 shares. Currently, 12.4% of the company’s shares are sold short. Based on an average daily volume of 26,972,091 shares, the days-to-cover ratio is presently 2.2 days. Based on an average daily volume of 26,972,091 shares, the days-to-cover ratio is presently 2.2 days. Currently, 12.4% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KOS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, December 29th. Sanford C. Bernstein reduced their target price on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a report on Monday, January 5th. The Goldman Sachs Group boosted their price target on Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a research report on Friday. Bank of America reaffirmed an “underperform” rating and issued a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Finally, Clarkson Capital began coverage on Kosmos Energy in a report on Friday, October 24th. They set a “buy” rating and a $4.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $2.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its position in shares of Kosmos Energy by 34.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,089 shares of the oil and gas producer’s stock worth $47,000 after purchasing an additional 6,888 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Kosmos Energy by 41.0% during the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 7,169 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Kosmos Energy by 53.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,103 shares of the oil and gas producer’s stock worth $41,000 after acquiring an additional 8,371 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Kosmos Energy by 18.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock valued at $99,000 after acquiring an additional 9,159 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kosmos Energy by 4.5% during the 1st 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 acquiring an additional 12,045 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Kosmos Energy Trading Down 14.2%

NYSE:KOS opened at $1.36 on Tuesday. The business’s 50-day moving average is $1.10 and its two-hundred day moving average is $1.49. The firm has a market capitalization of $648.14 million, a PE ratio of -1.99 and a beta of 0.89. Kosmos Energy has a 12 month low of $0.84 and a 12 month high of $3.49. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The company had revenue of $310.96 million for the quarter, compared to analysts’ expectations of $360.82 million. Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. Research analysts predict that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

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.