Kosmos Energy Ltd (NYSE:KOS) Short Interest Update

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Kosmos Energy Ltd (NYSE:KOS) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 19,524,900 shares, a decrease of 9.1% from the May 30th total of 21,480,400 shares. Based on an average daily trading volume, of 4,290,000 shares, the days-to-cover ratio is currently 4.6 days. Currently, 6.3% of the shares of the stock are short sold.

A number of brokerages have weighed in on KOS. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Barclays set a $226.00 price target on Constellation Brands and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Macquarie began coverage on shares of Tullow Oil in a research report on Wednesday, May 1st. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $8.74.

Kosmos Energy stock traded down $0.11 during midday trading on Monday, reaching $5.73. The stock had a trading volume of 2,122,117 shares, compared to its average volume of 4,250,946. The firm has a fifty day moving average of $6.04. Kosmos Energy has a twelve month low of $3.53 and a twelve month high of $9.75. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.96 and a current ratio of 1.17. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -12.19 and a beta of 2.04.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, May 6th. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.03. The company had revenue of $296.80 million for the quarter, compared to analyst estimates of $283.07 million. Kosmos Energy had a negative net margin of 9.02% and a negative return on equity of 21.59%. Kosmos Energy’s quarterly revenue was up 133.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) earnings per share. As a group, research analysts predict that Kosmos Energy will post 0.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 6th were paid a dividend of $0.0452 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Wednesday, June 5th. Kosmos Energy’s dividend payout ratio (DPR) is -38.30%.

Several institutional investors and hedge funds have recently bought and sold shares of KOS. Metropolitan Life Insurance Co NY bought a new stake in shares of Kosmos Energy during the first quarter worth approximately $54,000. Hsbc Holdings PLC increased its stake in Kosmos Energy by 17.1% in the fourth quarter. Hsbc Holdings PLC now owns 19,955 shares of the oil and gas producer’s stock valued at $81,000 after purchasing an additional 2,911 shares in the last quarter. CWM Advisors LLC increased its stake in Kosmos Energy by 88.5% in the fourth quarter. CWM Advisors LLC now owns 22,151 shares of the oil and gas producer’s stock valued at $90,000 after purchasing an additional 10,398 shares in the last quarter. Two Sigma Securities LLC bought a new stake in Kosmos Energy in the fourth quarter valued at approximately $101,000. Finally, First Mercantile Trust Co. bought a new stake in Kosmos Energy in the first quarter valued at approximately $124,000. 97.28% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

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