Short Interest in Kosmos Energy Ltd. (NYSE:KOS) Declines By 11.6%

Kosmos Energy Ltd. (NYSE:KOS) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 38,750,000 shares, a drop of 11.6% from the October 31st total of 43,820,000 shares. Based on an average trading volume of 7,700,000 shares, the short-interest ratio is presently 5.0 days.

Kosmos Energy Trading Up 1.0 %

Kosmos Energy stock traded up $0.04 during trading hours on Friday, reaching $3.94. 3,627,359 shares of the company’s stock traded hands, compared to its average volume of 8,118,458. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 0.51 and a beta of 2.42. The firm’s 50 day moving average is $4.03 and its 200-day moving average is $4.81. Kosmos Energy has a fifty-two week low of $3.49 and a fifty-two week high of $7.07.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KOS. Benchmark dropped their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Mizuho assumed coverage on Kosmos Energy in a research note on Thursday, September 19th. They set a “neutral” rating and a $5.00 price objective for the company. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Bank of America decreased their price target on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Finally, Sanford C. Bernstein cut their price objective on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.75.

Institutional Trading of Kosmos Energy

Several institutional investors and hedge funds have recently made changes to their positions in KOS. Graham Capital Wealth Management LLC acquired a new position in shares of Kosmos Energy in the 3rd quarter valued at $2,443,000. Vanguard Group Inc. lifted its holdings in shares of Kosmos Energy by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock valued at $77,328,000 after purchasing an additional 258,460 shares in the last quarter. Woodmont Investment Counsel LLC grew its position in shares of Kosmos Energy by 137.1% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 490,427 shares of the oil and gas producer’s stock valued at $1,976,000 after purchasing an additional 283,624 shares during the period. Millennium Management LLC increased its stake in Kosmos Energy by 34.9% during the 2nd quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock worth $12,976,000 after purchasing an additional 606,195 shares in the last quarter. Finally, M&G PLC boosted its holdings in shares of Kosmos Energy by 20.0% in the third quarter. M&G PLC now owns 5,911,844 shares of the oil and gas producer’s stock valued at $23,647,000 after buying an additional 983,623 shares during the period. Institutional investors own 95.33% of the company’s stock.

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.