Kosmos Energy Ltd. (NYSE:KOS) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 13,060,329 shares, a drop of 14.0% from the August 31st total of 15,181,565 shares. Based on an average daily volume of 1,134,197 shares, the days-to-cover ratio is currently 11.5 days. Approximately 8.4% of the shares of the stock are sold short.
Several research firms recently commented on KOS. RBC Capital Markets raised Kosmos Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $6.00 to $9.00 in a report on Wednesday, August 31st. Royal Bank Of Canada raised Kosmos Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $6.00 to $9.00 in a report on Wednesday, August 31st. Finally, Zacks Investment Research cut Kosmos Energy from a “strong-buy” rating to a “hold” rating and set a $6.25 target price for the company. in a research note on Thursday, July 21st. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kosmos Energy presently has a consensus rating of “Buy” and an average target price of $7.98.
Kosmos Energy (NYSE:KOS) opened at 6.41 on Monday. The stock’s market capitalization is $2.48 billion. Kosmos Energy has a 52-week low of $3.17 and a 52-week high of $8.00. The stock’s 50 day moving average price is $6.03 and its 200 day moving average price is $5.75.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The business had revenue of $45.68 million for the quarter, compared to analyst estimates of $121.81 million. Kosmos Energy had a negative return on equity of 2.63% and a negative net margin of 25.56%. The company’s quarterly revenue was up 37397.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.20) EPS. On average, analysts forecast that Kosmos Energy will post ($0.35) EPS for the current year.
Several large investors have recently made changes to their positions in KOS. Hotchkis & Wiley Capital Management LLC raised its stake in Kosmos Energy by 1.6% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 32,697,737 shares of the company’s stock worth $178,203,000 after buying an additional 529,030 shares during the last quarter. Prudential PLC raised its stake in Kosmos Energy by 15.4% in the first quarter. Prudential PLC now owns 4,300,362 shares of the company’s stock worth $25,028,000 after buying an additional 573,112 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Kosmos Energy by 0.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,894,959 shares of the company’s stock worth $21,228,000 after buying an additional 33,969 shares during the last quarter. RS Investment Management Co. LLC raised its stake in Kosmos Energy by 44.0% in the second quarter. RS Investment Management Co. LLC now owns 3,451,235 shares of the company’s stock worth $18,809,000 after buying an additional 1,054,485 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Kosmos Energy by 38.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,271,294 shares of the company’s stock worth $17,828,000 after buying an additional 915,110 shares during the last quarter. 96.40% of the stock is currently owned by institutional investors and hedge funds.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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