Kosmos Energy Ltd. (NYSE:KOS) Sees Significant Decline in Short Interest

Kosmos Energy Ltd. (NYSE:KOS) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 38,750,000 shares, a decline 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 currently 5.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its position in Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after buying an additional 3,636,663 shares during the last quarter. Bridgewater Associates LP lifted its holdings in shares of Kosmos Energy by 149.7% in the 3rd quarter. Bridgewater Associates LP now owns 3,280,302 shares of the oil and gas producer’s stock worth $13,220,000 after acquiring an additional 1,966,437 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Kosmos Energy by 7.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock worth $113,828,000 after purchasing an additional 1,933,216 shares during the period. Equinox Partners Investment Management LLC increased its holdings in Kosmos Energy by 29.4% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock valued at $33,060,000 after purchasing an additional 1,863,966 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in Kosmos Energy by 13.5% in the second quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock valued at $75,460,000 after purchasing an additional 1,624,495 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Price Performance

Shares of NYSE KOS traded up $0.01 during mid-day trading on Tuesday, reaching $3.81. The company’s stock had a trading volume of 4,549,474 shares, compared to its average volume of 6,878,411. The stock has a market capitalization of $1.80 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.49 and a beta of 2.41. Kosmos Energy has a 1-year low of $3.49 and a 1-year high of $7.07. The stock has a 50-day moving average of $4.02 and a two-hundred day moving average of $4.78. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KOS shares. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Sanford C. Bernstein lowered 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. Mizuho began coverage on Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target for the company. Bank of America dropped their target price on shares of 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, Benchmark cut their price objective on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.75.

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.