Kosmos Energy Ltd (NYSE:KOS) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 21,372,800 shares, a decline of 9.4% from the July 15th total of 23,597,300 shares. Based on an average daily volume of 4,400,000 shares, the short-interest ratio is presently 4.9 days. Currently, 6.9% of the company’s stock are sold short.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in Kosmos Energy by 9.8% in the second quarter. Royal Bank of Canada now owns 18,740 shares of the oil and gas producer’s stock valued at $118,000 after buying an additional 1,674 shares during the last quarter. TD Asset Management Inc. boosted its position in Kosmos Energy by 13.7% in the first quarter. TD Asset Management Inc. now owns 29,038 shares of the oil and gas producer’s stock valued at $181,000 after buying an additional 3,500 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Kosmos Energy by 43.1% in the second quarter. Allianz Asset Management GmbH now owns 16,482 shares of the oil and gas producer’s stock valued at $103,000 after buying an additional 4,962 shares during the last quarter. Pitcairn Co. boosted its position in Kosmos Energy by 4.7% in the second quarter. Pitcairn Co. now owns 114,287 shares of the oil and gas producer’s stock valued at $716,000 after buying an additional 5,161 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Kosmos Energy by 19.2% in the second quarter. Commonwealth Equity Services LLC now owns 36,643 shares of the oil and gas producer’s stock valued at $229,000 after buying an additional 5,898 shares during the last quarter.
A number of equities research analysts have recently weighed in on KOS shares. Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Berenberg Bank restated a “buy” rating on shares of Kosmos Energy in a research note on Wednesday, August 7th. ValuEngine lowered Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Macquarie started coverage on Kosmos Energy in a research note on Wednesday, May 1st. They set an “outperform” rating and a $6.69 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Kosmos Energy has a consensus rating of “Buy” and an average target price of $8.74.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 5th. The oil and gas producer reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). The firm had revenue of $395.93 million during the quarter, compared to analysts’ expectations of $391.29 million. Kosmos Energy had a net margin of 1.87% and a negative return on equity of 14.53%. Kosmos Energy’s quarterly revenue was up 83.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. On average, equities analysts expect that Kosmos Energy will post 0.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be given a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.18 dividend on an annualized basis and a yield of 2.80%. Kosmos Energy’s dividend payout ratio is currently -38.30%.
Kosmos Energy Company Profile
Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.
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