Kosmos Energy Ltd. (NYSE:KOS – Get Rating) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 23,680,000 shares, a growth of 6.8% from the February 13th total of 22,180,000 shares. Based on an average trading volume of 6,230,000 shares, the days-to-cover ratio is currently 3.8 days.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Bank of America lowered Kosmos Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $9.60 in a research report on Tuesday, February 28th. Barclays decreased their price target on Kosmos Energy from $10.75 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday. StockNews.com assumed coverage on Kosmos Energy in a research note on Thursday. They set a “sell” rating for the company. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Kosmos Energy in a research note on Tuesday, February 28th. Finally, TheStreet downgraded Kosmos Energy from a “b-” rating to a “c” rating in a research note on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.51.
Kosmos Energy Stock Down 2.7 %
Shares of KOS opened at $6.20 on Friday. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.31 and a beta of 2.77. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.58 and a current ratio of 0.82. The business’s fifty day moving average price is $7.51 and its two-hundred day moving average price is $6.66. Kosmos Energy has a 52 week low of $4.64 and a 52 week high of $8.55.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of KOS. PNC Financial Services Group Inc. boosted its position in shares of Kosmos Energy by 143.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 2,110 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Kosmos Energy in the 4th quarter worth $27,000. Captrust Financial Advisors boosted its position in shares of Kosmos Energy by 50.1% in the 1st quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 1,467 shares during the last quarter. Dark Forest Capital Management LP bought a new position in shares of Kosmos Energy in the 2nd quarter worth $31,000. Finally, Lazard Asset Management LLC bought a new position in shares of Kosmos Energy in the 1st quarter worth $45,000. 87.13% of the stock is currently owned by institutional investors.
About Kosmos Energy
Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firm’s assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.
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