Short Interest in Kosmos Energy Ltd. (NYSE:KOS) Grows By 6.2%

Kosmos Energy Ltd. (NYSE:KOS) was the target of a significant growth in short interest in 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 trading volume of 6,590,000 shares, the short-interest ratio is presently 7.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KOS. nVerses Capital LLC boosted its stake in shares of Kosmos Energy by 13.6% in the 3rd quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock valued at $125,000 after purchasing an additional 3,700 shares in the last quarter. Naviter Wealth LLC bought a new position in Kosmos Energy in the 3rd quarter valued at approximately $48,000. Fruth Investment Management boosted its position in Kosmos Energy by 10.2% in the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock valued at $108,000 after buying an additional 2,500 shares in the last quarter. Creative Planning grew its stake in shares of Kosmos Energy by 1,274.2% during the third quarter. Creative Planning now owns 217,556 shares of the oil and gas producer’s stock worth $877,000 after buying an additional 201,725 shares during the last quarter. Finally, InTrack Investment Management Inc acquired a new position in shares of Kosmos Energy during the third quarter worth $44,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of NYSE:KOS opened at $4.17 on Thursday. Kosmos Energy has a 1 year low of $3.69 and a 1 year high of $7.80. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 0.54 and a beta of 2.41. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. The company’s 50 day simple moving average is $4.44 and its 200 day simple moving average is $5.27.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (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. As a group, research analysts predict that Kosmos Energy will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KOS has been the subject of several analyst reports. Mizuho began coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price objective for the company. Benchmark reiterated a “buy” rating and issued a $8.00 price target on shares of Kosmos Energy in a research report on Wednesday. Sanford C. Bernstein reduced their price target on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Finally, Bank of America dropped their price objective on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Kosmos Energy Company Profile

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.