Kosmos Energy Ltd (NYSE:KOS) – Analysts at Jefferies Group reduced their FY2020 earnings per share estimates for Kosmos Energy in a research report issued to clients and investors on Tuesday. Jefferies Group analyst N. Kouzmanov now forecasts that the oil and gas producer will post earnings of $0.08 per share for the year, down from their prior estimate of $0.16. Jefferies Group currently has a “Buy” rating and a $7.00 target price on the stock.
Several other equities analysts have also recently weighed in on KOS. BMO Capital Markets set a $10.00 price objective on Kosmos Energy and gave the company a “buy” rating in a report on Monday, February 26th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Kosmos Energy in a report on Thursday, December 14th. TheStreet cut Kosmos Energy from a “c-” rating to a “d+” rating in a report on Wednesday, February 21st. ValuEngine cut Kosmos Energy from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Barclays lifted their price objective on Kosmos Energy from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Kosmos Energy has an average rating of “Hold” and an average target price of $9.36.
Shares of Kosmos Energy (NYSE KOS) traded up $0.29 during midday trading on Wednesday, reaching $6.35. The company’s stock had a trading volume of 1,713,284 shares, compared to its average volume of 2,975,529. The firm has a market cap of $2,410.00, a PE ratio of -11.96 and a beta of 1.70. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.24 and a quick ratio of 1.08. Kosmos Energy has a 52-week low of $5.15 and a 52-week high of $8.62.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, February 26th. The oil and gas producer reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The business had revenue of $187.10 million during the quarter, compared to analysts’ expectations of $182.28 million. Kosmos Energy had a negative return on equity of 12.49% and a negative net margin of 34.98%. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) EPS.
Several institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC bought a new position in shares of Kosmos Energy in the 4th quarter valued at $597,000. Jane Street Group LLC increased its stake in shares of Kosmos Energy by 46.1% in the 4th quarter. Jane Street Group LLC now owns 122,331 shares of the oil and gas producer’s stock valued at $838,000 after purchasing an additional 38,621 shares during the last quarter. Millennium Management LLC increased its stake in shares of Kosmos Energy by 189.7% in the 4th quarter. Millennium Management LLC now owns 1,198,836 shares of the oil and gas producer’s stock valued at $8,212,000 after purchasing an additional 785,066 shares during the last quarter. Cushing Asset Management LP bought a new position in shares of Kosmos Energy in the 4th quarter valued at $1,103,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Kosmos Energy in the 4th quarter valued at $1,786,000. Institutional investors own 98.80% of the company’s stock.
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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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