Kosmos Energy Ltd. (NYSE:KOS) Short Interest Down 12.6% in January

Kosmos Energy Ltd. (NYSE:KOS) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 58,126,894 shares, a decline of 12.6% from the December 31st total of 66,509,214 shares. Currently, 12.4% of the shares of the company are short sold. Based on an average trading volume of 26,972,091 shares, the days-to-cover ratio is currently 2.2 days. Based on an average trading volume of 26,972,091 shares, the days-to-cover ratio is currently 2.2 days. Currently, 12.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Sanford C. Bernstein lowered their price objective on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research report on Monday, January 5th. Johnson Rice downgraded shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and decreased their target price for the stock from $4.50 to $3.50 in a research note on Friday, December 5th. Mizuho dropped their price target on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Bank of America reaffirmed an “underperform” rating and set a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Kosmos Energy currently has a consensus rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Stock Performance

NYSE KOS opened at $1.36 on Tuesday. The stock has a market capitalization of $648.14 million, a price-to-earnings ratio of -1.99 and a beta of 0.89. The business’s 50 day moving average is $1.10 and its two-hundred day moving average is $1.49. Kosmos Energy has a 12-month low of $0.84 and a 12-month high of $3.49. The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 3.04.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%.The business had revenue of $310.96 million for the quarter, compared to analyst estimates of $360.82 million. Research analysts expect that Kosmos Energy will post 0.42 EPS for the current year.

Hedge Funds Weigh In On Kosmos Energy

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of Kosmos Energy by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock worth $57,467,000 after purchasing an additional 4,175,537 shares during the last quarter. Patient Capital Management LLC boosted its position in Kosmos Energy by 7.4% during the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock worth $33,264,000 after acquiring an additional 1,334,930 shares during the last quarter. Equinox Partners Investment Management LLC grew its stake in Kosmos Energy by 41.6% in the 2nd quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock worth $32,115,000 after acquiring an additional 5,485,000 shares during the period. Vanguard Group Inc. raised its holdings in Kosmos Energy by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock valued at $23,772,000 after acquiring an additional 286,593 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Kosmos Energy by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 11,263,585 shares of the oil and gas producer’s stock worth $19,376,000 after purchasing an additional 424,720 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.