Kosmos Energy Ltd (NYSE:KOS) – Stock analysts at Capital One Financial increased their FY2017 EPS estimates for Kosmos Energy in a note issued to investors on Wednesday. Capital One Financial analyst R. Tullis now forecasts that the oil and gas producer will post earnings per share of ($0.26) for the year, up from their previous estimate of ($0.30). Capital One Financial also issued estimates for Kosmos Energy’s Q4 2017 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.21) EPS.
A number of other equities analysts have also recently weighed in on 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. Barclays lifted their price target on Kosmos Energy from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, October 11th. BNP Paribas initiated coverage on Kosmos Energy in a report on Friday, November 24th. They set an “outperform” rating for the company. Howard Weil upgraded Kosmos Energy from a “sector perform” rating to a “sector outperform” rating and set a $12.00 target price for the company in a report on Thursday, October 26th. Finally, Scotiabank upgraded Kosmos Energy from a “sector perform” rating to a “buy” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $9.45.
Shares of Kosmos Energy (NYSE:KOS) opened at $6.86 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.66 and a quick ratio of 1.39. Kosmos Energy has a 1 year low of $5.53 and a 1 year high of $8.62. The company has a market cap of $2,670.00, a PE ratio of -16.73 and a beta of 1.57.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The company had revenue of $151.20 million for the quarter, compared to the consensus estimate of $149.10 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Kosmos Energy’s revenue for the quarter was up 126.9% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in the company. Comerica Bank grew its holdings in shares of Kosmos Energy by 19.3% during the second quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 3,626 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Kosmos Energy by 11.2% during the second quarter. Voya Investment Management LLC now owns 53,325 shares of the oil and gas producer’s stock worth $342,000 after purchasing an additional 5,379 shares during the last quarter. Utah Retirement Systems grew its holdings in shares of Kosmos Energy by 22.1% during the second quarter. Utah Retirement Systems now owns 34,845 shares of the oil and gas producer’s stock worth $224,000 after purchasing an additional 6,300 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Kosmos Energy by 7.4% during the second quarter. Alliancebernstein L.P. now owns 100,555 shares of the oil and gas producer’s stock worth $645,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Kosmos Energy by 20.1% during the third quarter. Amalgamated Bank now owns 41,579 shares of the oil and gas producer’s stock worth $331,000 after purchasing an additional 6,955 shares during the last quarter.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $8.57, for a total value of $119,980.00. Following the sale, the director now directly owns 65,191 shares in the company, valued at $558,686.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.
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About Kosmos Energy
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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