Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 38,620,000 shares, a growth of 8.7% from the March 15th total of 35,520,000 shares. Based on an average daily volume of 7,890,000 shares, the short-interest ratio is presently 4.9 days.
Insiders Place Their Bets
In other news, CAO Ronald W. Glass sold 17,525 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total value of $105,675.75. Following the transaction, the chief accounting officer now owns 290,855 shares in the company, valued at approximately $1,753,855.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Ronald W. Glass sold 17,525 shares of Kosmos Energy stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $105,675.75. Following the sale, the chief accounting officer now directly owns 290,855 shares in the company, valued at approximately $1,753,855.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew G. Inglis sold 166,524 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $6.03, for a total transaction of $1,004,139.72. Following the transaction, the chief executive officer now owns 3,909,135 shares of the company's stock, valued at approximately $23,572,084.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 335,337 shares of company stock valued at $2,022,082. Corporate insiders own 1.79% of the company's stock.
Hedge Funds Weigh In On Kosmos Energy
Several hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. bought a new position in Kosmos Energy in the 4th quarter valued at $5,819,000. Vanguard Group Inc. raised its position in shares of Kosmos Energy by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 12,715,994 shares of the oil and gas producer's stock worth $85,324,000 after buying an additional 540,706 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in Kosmos Energy during the fourth quarter valued at $107,000. Goldman Sachs Group Inc. grew its position in Kosmos Energy by 31.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,201,036 shares of the oil and gas producer's stock worth $21,479,000 after buying an additional 769,037 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in Kosmos Energy in the 4th quarter worth about $79,000. Hedge funds and other institutional investors own 95.33% of the company's stock.
Kosmos Energy Stock Performance
Shares of Kosmos Energy stock traded down $0.02 during trading hours on Wednesday, reaching $6.07. The company had a trading volume of 3,925,757 shares, compared to its average volume of 7,653,287. The firm has a market cap of $2.86 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.75 and a beta of 2.37. Kosmos Energy has a one year low of $5.23 and a one year high of $8.28. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.76 and a quick ratio of 0.49. The business has a fifty day simple moving average of $5.86 and a 200 day simple moving average of $6.47.
Kosmos Energy (NYSE:KOS - Get Free Report) last issued its earnings results on Monday, February 26th. The oil and gas producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. Kosmos Energy had a return on equity of 39.94% and a net margin of 12.55%. The business had revenue of $507.81 million during the quarter. During the same quarter in the prior year, the business earned $0.23 EPS. On average, analysts anticipate that Kosmos Energy will post 0.75 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
KOS has been the topic of several research analyst reports. TheStreet downgraded Kosmos Energy from a "b" rating to a "c+" rating in a research note on Monday, February 26th. StockNews.com raised Kosmos Energy from a "sell" rating to a "hold" rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of "Moderate Buy" and an average price target of $9.63.
Check Out Our Latest Analysis on KOS
About Kosmos Energy
(
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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.
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