Short Interest in Kosmos Energy Ltd. (NYSE:KOS) Increases By 8.7%

Kosmos Energy Ltd. (NYSE:KOS) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 38,620,000 shares, a growth of 8.7% from the March 15th total of 35,520,000 shares. Based on an average daily volume of 7,890,000 shares, the days-to-cover ratio is presently 4.9 days.

Wall Street Analysts Forecast Growth

KOS has been the subject of several research analyst reports. TheStreet downgraded Kosmos Energy from a “b” rating to a “c+” rating in a research note on Monday, February 26th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.63.

Kosmos Energy Trading Up 0.7 %

NYSE:KOS traded up $0.04 on Wednesday, reaching $6.09. The stock had a trading volume of 8,193,635 shares, compared to its average volume of 8,756,466. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 0.75 and a beta of 2.37. Kosmos Energy has a 12-month low of $5.23 and a 12-month high of $8.28. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.76 and a quick ratio of 0.49. The firm’s fifty day moving average is $5.86 and its two-hundred day moving average is $6.47.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, February 26th. The oil and gas producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. Kosmos Energy had a net margin of 12.55% and a return on equity of 39.94%. The firm had revenue of $507.81 million during the quarter. During the same period in the previous year, the firm posted $0.23 earnings per share. Equities analysts expect that Kosmos Energy will post 0.75 EPS for the current fiscal year.

Insider Transactions at Kosmos Energy

In other news, CAO Ronald W. Glass sold 17,525 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $6.03, for a total value of $105,675.75. Following the completion of the sale, the chief accounting officer now owns 290,855 shares in the company, valued at approximately $1,753,855.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Kosmos Energy news, CAO Ronald W. Glass sold 17,525 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total value of $105,675.75. Following the completion of the transaction, the chief accounting officer now owns 290,855 shares in the company, valued at $1,753,855.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nealesh D. Shah sold 84,672 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $510,572.16. Following the transaction, the chief financial officer now directly owns 1,502,206 shares in the company, valued at $9,058,302.18. The disclosure for this sale can be found here. Insiders sold 335,337 shares of company stock worth $2,022,082 over the last 90 days. 1.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates acquired a new position in shares of Kosmos Energy during the 1st quarter valued at about $387,000. Bank of New York Mellon Corp grew its stake in shares of Kosmos Energy by 7.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,845,793 shares of the oil and gas producer’s stock valued at $13,272,000 after buying an additional 128,887 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Kosmos Energy during the 1st quarter worth $159,000. Private Advisor Group LLC raised its position in shares of Kosmos Energy by 31.9% in the 1st quarter. Private Advisor Group LLC now owns 41,527 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 10,045 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Kosmos Energy by 143.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 2,110 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.