Kosmos Energy Ltd. (NYSE:KOS) – Capital One Financial Corporation lifted their FY2018 earnings estimates for Kosmos Energy in a research note issued on Tuesday, according to Zacks Investment Research. Capital One Financial Corporation analyst R. Tullis now expects that the oil and gas producer will earn ($0.37) per share for the year, up from their previous forecast of ($0.40).
KOS has been the subject of several other research reports. Bank of America Corporation began coverage on Kosmos Energy in a research report on Friday, September 29th. They issued a “neutral” rating and a $9.00 price objective for the company. Zacks Investment Research cut Kosmos Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. Citigroup Inc. reduced their target price on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Macquarie began coverage on Kosmos Energy in a research note on Monday, August 7th. They set an “outperform” rating and a $10.00 target price on the stock. Finally, ValuEngine cut Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $9.50.
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Shares of Kosmos Energy (NYSE KOS) opened at $8.37 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.66 and a debt-to-equity ratio of 1.07. Kosmos Energy has a 12-month low of $4.39 and a 12-month high of $8.62.
Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The firm had revenue of $151.20 million during the quarter, compared to the consensus estimate of $149.10 million. Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The business’s quarterly revenue was up 126.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS.
Hedge funds have recently modified their holdings of the stock. Quantitative Systematic Strategies LLC purchased a new stake in Kosmos Energy in the third quarter worth $118,000. Teacher Retirement System of Texas grew its stake in Kosmos Energy by 40.8% in the first quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock worth $102,000 after purchasing an additional 4,463 shares during the period. Comerica Bank grew its stake in Kosmos Energy by 16.8% in the first quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 2,701 shares during the period. Creative Planning purchased a new stake in Kosmos Energy in the second quarter worth $128,000. Finally, JPMorgan Chase & Co. grew its stake in Kosmos Energy by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after purchasing an additional 7,144 shares during the period.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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