FY2020 EPS Estimates for Kosmos Energy Ltd (KOS) Cut by Analyst

Kosmos Energy Ltd (NYSE:KOS) – Stock analysts at Jefferies Group dropped their FY2020 EPS estimates for shares of Kosmos Energy in a note issued to investors on Tuesday, March 13th, Zacks Investment Research reports. Jefferies Group analyst N. Kouzmanov now anticipates that the oil and gas producer will post earnings per share of $0.08 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.

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Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, February 26th. The oil and gas producer reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $187.10 million during the quarter, compared to analyst estimates of $182.28 million. Kosmos Energy had a negative net margin of 34.98% and a negative return on equity of 12.49%. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS.

KOS has been the subject of a number of other research reports. Credit Suisse Group raised shares of Kosmos Energy from a “neutral” rating to an “outperform” rating in a research note on Monday, January 8th. Zacks Investment Research downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a report on Friday, February 16th. TheStreet downgraded shares of Kosmos Energy from a “c-” rating to a “d+” rating in a report on Wednesday, February 21st. Goldman Sachs restated a “neutral” rating and set a $9.00 price target on shares of Kosmos Energy in a report on Thursday, December 14th. Finally, Bank of America upgraded shares of Kosmos Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Kosmos Energy presently has an average rating of “Hold” and an average price target of $9.36.

Shares of NYSE:KOS opened at $6.16 on Wednesday. The firm has a market cap of $2,473.17, a price-to-earnings ratio of -18.67 and a beta of 1.53. Kosmos Energy has a 12-month low of $5.15 and a 12-month high of $8.62. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.24 and a quick ratio of 1.08.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. raised its holdings in Kosmos Energy by 2.5% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 8,938,750 shares of the oil and gas producer’s stock worth $61,230,000 after acquiring an additional 219,195 shares during the period. Dimensional Fund Advisors LP raised its holdings in Kosmos Energy by 13.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,088,019 shares of the oil and gas producer’s stock worth $64,381,000 after acquiring an additional 979,199 shares during the period. Janus Henderson Group PLC raised its holdings in Kosmos Energy by 39.9% in the 3rd quarter. Janus Henderson Group PLC now owns 7,619,305 shares of the oil and gas producer’s stock worth $60,613,000 after acquiring an additional 2,174,305 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Kosmos Energy by 3.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,128,774 shares of the oil and gas producer’s stock worth $48,832,000 after acquiring an additional 250,942 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Kosmos Energy by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,910,700 shares of the oil and gas producer’s stock worth $13,088,000 after acquiring an additional 25,810 shares during the period. Hedge funds and other 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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Earnings History and Estimates for Kosmos Energy (NYSE:KOS)

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