Kosmos Energy Ltd (NYSE:KOS) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 19,524,900 shares, a drop of 9.1% from the May 30th total of 21,480,400 shares. Currently, 6.3% of the company’s shares are short sold. Based on an average trading volume of 4,290,000 shares, the short-interest ratio is presently 4.6 days.
NYSE KOS traded up $0.04 on Friday, reaching $5.84. 1,952,954 shares of the stock traded hands, compared to its average volume of 5,124,060. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 2.50. The stock’s fifty day simple moving average is $6.04. The company has a market cap of $2.33 billion, a P/E ratio of -12.43 and a beta of 2.03. Kosmos Energy has a 12 month low of $3.53 and a 12 month high of $9.75.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, May 6th. The oil and gas producer reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. The business had revenue of $296.80 million during the quarter, compared to analyst estimates of $283.07 million. Kosmos Energy had a negative return on equity of 21.59% and a negative net margin of 9.02%. Kosmos Energy’s revenue was up 133.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) EPS. Equities analysts anticipate that Kosmos Energy will post 0.32 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 6th were given a dividend of $0.0452 per share. This represents a $0.18 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Wednesday, June 5th. Kosmos Energy’s dividend payout ratio (DPR) is presently -38.30%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP bought a new stake in Kosmos Energy during the 1st quarter valued at $2,019,000. Van ECK Associates Corp bought a new stake in Kosmos Energy during the 4th quarter valued at $644,000. FMR LLC raised its position in Kosmos Energy by 34.6% during the 4th quarter. FMR LLC now owns 31,574,006 shares of the oil and gas producer’s stock valued at $128,506,000 after purchasing an additional 8,113,762 shares in the last quarter. Norges Bank bought a new stake in Kosmos Energy during the 4th quarter valued at $8,300,000. Finally, Bank of New York Mellon Corp raised its position in Kosmos Energy by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 999,127 shares of the oil and gas producer’s stock valued at $4,066,000 after purchasing an additional 4,456 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on KOS shares. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays set a $226.00 price target on Constellation Brands and gave the stock a “buy” rating in a research note on Friday, April 5th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Macquarie started coverage on Tullow Oil in a research note on Wednesday, May 1st. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $8.74.
About Kosmos Energy
Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.
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