Kosmos Energy Ltd. (NYSE:KOS) Short Interest Up 9.5% in August

Kosmos Energy Ltd. (NYSE:KOS) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 42,360,000 shares, an increase of 9.5% from the August 15th total of 38,670,000 shares. Based on an average daily trading volume, of 5,700,000 shares, the days-to-cover ratio is currently 7.4 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in Kosmos Energy during the second quarter worth $26,000. CWM LLC raised its holdings in shares of Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 2,969 shares during the last quarter. TFO Wealth Partners LLC lifted its position in Kosmos Energy by 7,051.9% in the 4th quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 5,712 shares in the last quarter. Covestor Ltd boosted its stake in Kosmos Energy by 35,360.9% during the 1st 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 last quarter. Finally, Moloney Securities Asset Management LLC bought a new stake in Kosmos Energy during the 1st quarter worth approximately $60,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Sanford C. Bernstein cut their target price on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Benchmark reissued a “buy” rating and set a $8.00 price objective on shares of Kosmos Energy in a report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Kosmos Energy presently has an average rating of “Moderate Buy” and a consensus price target of $8.56.

Kosmos Energy Trading Down 1.9 %

Kosmos Energy stock traded down $0.08 during trading hours on Wednesday, reaching $4.29. 5,699,836 shares of the company’s stock were exchanged, compared to its average volume of 6,563,167. The firm’s 50 day simple moving average is $4.93 and its 200 day simple moving average is $5.49. Kosmos Energy has a twelve month low of $3.75 and a twelve month high of $8.28. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27. The firm has a market capitalization of $2.02 billion, a PE ratio of 9.32, a PEG ratio of 0.53 and a beta of 2.42.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business had revenue of $450.94 million during the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. Research analysts predict that Kosmos Energy will post 0.42 earnings per share for the current year.

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.