Short Interest in Kosmos Energy Ltd (NYSE:KOS) Increases By 24.3%

Kosmos Energy Ltd (NYSE:KOS) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 21,860,000 shares, a growth of 24.3% from the December 15th total of 17,590,000 shares. Approximately 5.7% of the shares of the stock are short sold. Based on an average trading volume of 5,960,000 shares, the short-interest ratio is presently 3.7 days.

A number of institutional investors have recently bought and sold shares of KOS. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Kosmos Energy by 74.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,018,322 shares of the oil and gas producer’s stock worth $144,324,000 after purchasing an additional 9,788,958 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Kosmos Energy during the second quarter valued at about $36,252,000. Zimmer Partners LP bought a new position in shares of Kosmos Energy during the second quarter valued at about $28,215,000. Millennium Management LLC raised its stake in shares of Kosmos Energy by 15,799.3% during the third quarter. Millennium Management LLC now owns 4,374,999 shares of the oil and gas producer’s stock valued at $27,299,000 after acquiring an additional 4,347,482 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Kosmos Energy by 10.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 27,668,673 shares of the oil and gas producer’s stock valued at $172,653,000 after acquiring an additional 2,510,723 shares during the last quarter. 92.79% of the stock is owned by institutional investors and hedge funds.

Kosmos Energy stock traded up $0.26 during mid-day trading on Tuesday, hitting $6.52. The company’s stock had a trading volume of 5,112,600 shares, compared to its average volume of 5,001,422. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.16 and a quick ratio of 0.87. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -13.87 and a beta of 1.98. The business has a 50 day moving average price of $5.80 and a 200-day moving average price of $6.08. Kosmos Energy has a 12 month low of $4.43 and a 12 month high of $7.55.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $357.00 million during the quarter, compared to the consensus estimate of $349.03 million. Kosmos Energy had a net margin of 12.18% and a negative return on equity of 2.68%. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.23) earnings per share. On average, equities research analysts expect that Kosmos Energy will post 0.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Friday, November 29th. Kosmos Energy’s dividend payout ratio is presently -38.30%.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Berenberg Bank reissued a “buy” rating and issued a $11.00 price target on shares of Kosmos Energy in a research note on Monday, November 11th. ValuEngine raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, Barclays set a $8.00 price target on shares of Kosmos Energy and gave the stock a “buy” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $7.99.

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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