Kosmos Energy Ltd. (NYSE:KOS) Sees Large Decrease in Short Interest

Kosmos Energy Ltd. (NYSE:KOS) was the target of a significant 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 daily trading volume, of 7,700,000 shares, the short-interest ratio is presently 5.0 days.

Wall Street Analysts Forecast Growth

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

Kosmos Energy Stock Performance

NYSE KOS traded up $0.01 on Tuesday, hitting $3.81. 4,549,474 shares of the company traded hands, compared to its average volume of 6,878,411. The business’s 50 day moving average price is $4.02 and its 200-day moving average price is $4.78. Kosmos Energy has a 52-week low of $3.49 and a 52-week high of $7.07. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.49 and a beta of 2.41.

Hedge Funds Weigh In On Kosmos Energy

Several large investors have recently made changes to their positions in KOS. Hsbc Holdings PLC raised its stake in Kosmos Energy by 3.0% during the 2nd quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock valued at $399,000 after purchasing an additional 2,055 shares during the period. Fruth Investment Management increased its holdings in Kosmos Energy by 10.2% in the 3rd quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock valued at $108,000 after acquiring an additional 2,500 shares during the last quarter. CWM LLC lifted its stake in Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 2,969 shares in the last quarter. nVerses Capital LLC boosted its holdings in shares of Kosmos Energy by 13.6% during 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 during the last quarter. Finally, Comerica Bank grew its position in shares of Kosmos Energy by 27.1% during the first quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock valued at $118,000 after purchasing an additional 4,213 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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.