Kosmos Energy Ltd (NYSE:KOS) – Capital One Financial increased their Q3 2018 earnings per share estimates for shares of Kosmos Energy in a report issued on Thursday, July 5th. Capital One Financial analyst R. Tullis now forecasts that the oil and gas producer will post earnings of $0.06 per share for the quarter, up from their previous forecast of $0.04. Capital One Financial also issued estimates for Kosmos Energy’s FY2018 earnings at $0.10 EPS.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, May 7th. The oil and gas producer reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.07. The business had revenue of $127.18 million for the quarter, compared to analyst estimates of $125.50 million. Kosmos Energy had a negative return on equity of 11.16% and a negative net margin of 39.90%. The company’s quarterly revenue was down 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.11) EPS.
Several other equities research analysts have also commented on the company. TheStreet raised Kosmos Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, May 16th. Barclays set a $7.00 price target on Kosmos Energy and gave the stock a “hold” rating in a research note on Wednesday, May 9th. Jefferies Financial Group raised Kosmos Energy from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Tuesday, March 13th. ValuEngine raised Kosmos Energy from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, Zacks Investment Research raised Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Wednesday, May 16th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $9.24.
Shares of NYSE:KOS opened at $8.20 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.03 and a debt-to-equity ratio of 1.50. Kosmos Energy has a 12 month low of $5.15 and a 12 month high of $8.62.
A number of hedge funds have recently bought and sold shares of KOS. Koch Industries Inc. acquired a new position in Kosmos Energy in the 1st quarter valued at $113,000. PNC Financial Services Group Inc. raised its holdings in Kosmos Energy by 377.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,076 shares of the oil and gas producer’s stock valued at $138,000 after acquiring an additional 17,454 shares during the last quarter. HBK Investments L P acquired a new position in Kosmos Energy in the 4th quarter valued at $201,000. Virtu Financial LLC acquired a new position in Kosmos Energy in the 4th quarter valued at $204,000. Finally, Two Sigma Advisers LP acquired a new position in Kosmos Energy in the 4th quarter valued at $268,000. 97.78% of the stock is currently owned by hedge funds and other institutional investors.
Kosmos Energy Company Profile
Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.
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