Short Interest in Kosmos Energy Ltd (KOS) Increases By 29.4%

Kosmos Energy Ltd (NYSE:KOS) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 20,086,862 shares, an increase of 29.4% from the October 31st total of 15,517,135 shares. Based on an average daily volume of 3,749,416 shares, the days-to-cover ratio is presently 5.4 days. Approximately 7.7% of the shares of the stock are sold short.

In other news, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total transaction of $29,462,404.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Benjamin Krieger sold 5,684,429 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total transaction of $50,818,795.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,230,000 shares of company stock worth $362,431,200. Corporate insiders own 3.76% of the company’s stock.

A number of large investors have recently modified their holdings of KOS. Fox Run Management L.L.C. bought a new position in Kosmos Energy during the 3rd quarter valued at about $122,000. Trexquant Investment LP bought a new position in Kosmos Energy during the 2nd quarter valued at about $139,000. DekaBank Deutsche Girozentrale grew its holdings in Kosmos Energy by 218.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 15,434 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 10,584 shares during the last quarter. Laurion Capital Management LP bought a new position in Kosmos Energy during the 3rd quarter valued at about $154,000. Finally, Hsbc Holdings PLC bought a new position in Kosmos Energy during the 3rd quarter valued at about $159,000. Institutional investors own 91.73% of the company’s stock.

Several brokerages have recently issued reports on KOS. Raymond James cut shares of Kosmos Energy from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, September 26th. They noted that the move was a valuation call. Goldman Sachs Group began coverage on shares of Kosmos Energy in a research report on Tuesday, October 2nd. They set a “neutral” rating on the stock. ValuEngine upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Zacks Investment Research cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Finally, Barclays set a $11.00 target price on shares of Kosmos Energy and gave the company a “buy” rating in a research report on Wednesday, August 29th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Kosmos Energy has a consensus rating of “Buy” and a consensus price target of $10.02.

Shares of NYSE:KOS opened at $5.38 on Monday. The stock has a market cap of $2.33 billion, a P/E ratio of -16.30 and a beta of 1.92. Kosmos Energy has a 12 month low of $5.15 and a 12 month high of $9.75. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.88 and a current ratio of 1.02.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, November 5th. The oil and gas producer reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.09). The firm had revenue of $250.20 million for the quarter, compared to the consensus estimate of $239.20 million. Kosmos Energy had a negative net margin of 51.49% and a negative return on equity of 21.93%. The business’s revenue for the quarter was up 65.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) earnings per share. On average, equities analysts forecast that Kosmos Energy will post -0.38 EPS for the current year.

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About Kosmos Energy

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

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