Short Interest in Kosmos Energy Stock Is on the Rise
On May 15, 2017, Kosmos Energy’s (KOS) total shares shorted (or short interest) stood at ~32.4 million, and its average daily volume was ~14.3 million.
On May 25, 2017, a total of 14 analysts provided recommendations on Kosmos Energy (KOS). These recommendations included four “strong buys,” seven “buys,” and three “holds.”
In 1Q17, Kosmos Energy (KOS) reported total crude oil (USO) sales volumes of 2.0 MMBbls (million barrels), ~4% higher compared to its 1Q16 crude oil sales volumes of 1.9 MMBbls.
Kosmos Energy (KOS) has been reporting negative free cash flows (or FCF) since 1Q15. In 1Q17, it reported an FCF of ~-$63 million.
Due to the rise in its total debt and the fall in its stockholders’ equity, Kosmos Energy’s (KOS) total debt-to-equity ratio rose from ~62% in 1Q15 to ~111% in 1Q17.
Kosmos Energy (KOS) announced its 1Q17 earnings before the market opened on May 8, 2017. KOS reported a worse-than-expected loss of ~$43 million in 1Q17.
In 1Q17, Kosmos Energy (KOS) reported revenue of ~$152 million, higher than Wall Street analysts’ consensus estimate of ~$142 million.
Kosmos Energy released its 1Q17 earnings before the market opened on May 8, 2017. Since its earnings release, KOS stock has been on a strong upward trend, rising from $5.95 to $6.65.
Between May 18 and May 25, the VanEck Vectors Oil Services ETF’s correlation with US oil prices was 95.2%—the highest among these select energy ETFs.
In the trailing week, the S&P 500 Index has risen 2.1%. Between May 18 and May 25, US crude oil July futures fell 1.5%, while natural gas July futures fell 0.2%.
In the week ended May 13, US initial jobless claims reached 233,000. The four-week moving average was at 235,250—at a record low since April 14, 1973.
On May 25, 2017, US crude oil July futures settled at $48.9 per barrel—4.8% below its closing price on May 24.
Hedge funds increased their net long position in US natural gas futures and options contracts by 27,776 contracts on May 9–16, 2017—the highest level ever.
On May 26, 2017, Baker Hughes will release its weekly US natural gas rig count report. For the week ending May 19, 2017, rigs rose by eight to 180 rigs.
On May 25, the EIA released its weekly natural gas inventory report. US natural gas inventories rose by 75 Bcf to 2,444 Bcf on May 12–19, 2017.
July natural gas (UGAZ) (UNG) (FCG) futures rose 0.4% and were trading at $3.28 per MMBtu in electronic trading at 6:40 AM EST on May 26, 2017.
June natural gas futures fell 0.6% and closed at $3.18 per MMBtu (million British thermal units) on May 25, 2017. The contracts will expire on May 30, 2017.
Crude oil prices were as low as 5% on Thursday amid weaker market sentiment. Prices started to recover and were stable in the early hours on Friday.
For the week ending May 19, 2017, the natural gas (BOIL) (GASX) (FCG) (GASL) rig count was 180—eight rigs more than the previous week.
Natural gas (GASX) (FCG) (GASL) July futures rose 0.5% on May 17–May 24, 2017. During this period, the US dollar (UUP) (UDN) (USDU) fell 0.3%.