Kosmos Energy Ltd. (NYSE:KOS) Short Interest Up 6.2% in September

Kosmos Energy Ltd. (NYSE:KOS) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 46,490,000 shares, a growth of 6.2% from the September 15th total of 43,780,000 shares. Based on an average daily volume of 6,590,000 shares, the short-interest ratio is currently 7.1 days.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KOS. Bank of America lowered their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Mizuho began coverage on shares of Kosmos Energy in a research report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price objective for the company. Sanford C. Bernstein lowered their price objective on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Finally, Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of Kosmos Energy in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Kosmos Energy has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of Kosmos Energy in the 2nd quarter valued at $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 valued at $36,000 after purchasing an additional 2,969 shares in the last quarter. InTrack Investment Management Inc acquired a new stake in shares of Kosmos Energy in the 3rd quarter valued at $44,000. Covestor Ltd raised its holdings in shares of Kosmos Energy by 35,360.9% in 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 in the last quarter. Finally, Naviter Wealth LLC acquired a new stake in shares of Kosmos Energy in the 3rd quarter valued at $48,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $4.21 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27. Kosmos Energy has a 52 week low of $3.69 and a 52 week high of $7.80. The stock has a market capitalization of $1.99 billion, a PE ratio of 9.15, a P/E/G ratio of 0.54 and a beta of 2.41. The firm has a 50 day moving average of $4.43 and a two-hundred day moving average of $5.26.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The business had revenue of $450.94 million during the quarter. On average, research analysts predict that Kosmos Energy will post 0.46 EPS for the current fiscal 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.