Kosmos Energy Ltd (NYSE:KOS) – Analysts at Jefferies Group decreased their FY2018 earnings per share estimates for shares of Kosmos Energy in a research report issued on Wednesday. Jefferies Group analyst N. Kouzmanov now expects that the oil and gas producer will earn ($0.24) per share for the year, down from their previous forecast of ($0.13). Jefferies Group has a “Buy” rating and a $8.00 price objective on the stock. Jefferies Group also issued estimates for Kosmos Energy’s FY2019 earnings at $0.01 EPS, FY2020 earnings at $0.04 EPS and FY2021 earnings at $0.05 EPS.
Several other research firms have also recently commented on KOS. Scotiabank reissued a “hold” rating and set a $7.00 price target on shares of Kosmos Energy in a research note on Tuesday, May 9th. Zacks Investment Research raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. Citigroup Inc decreased their price target on shares of Kosmos Energy from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. BMO Capital Markets reissued a “buy” rating and set a $10.00 price target on shares of Kosmos Energy in a research note on Friday, April 21st. Finally, Capital One Financial Corp. reissued an “overweight” rating on shares of Kosmos Energy in a research note on Monday, January 30th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Kosmos Energy has an average rating of “Buy” and a consensus price target of $8.75.
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Shares of Kosmos Energy (NYSE:KOS) traded up 5.88% during midday trading on Friday, reaching $7.38. The company had a trading volume of 1,114,567 shares. Kosmos Energy has a 12 month low of $4.39 and a 12 month high of $7.48. The firm’s 50 day moving average price is $6.37 and its 200-day moving average price is $6.05. The company’s market capitalization is $2.86 billion.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, May 8th. The oil and gas producer reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. Kosmos Energy had a negative return on equity of 6.30% and a negative net margin of 68.54%. The firm had revenue of $152 million for the quarter, compared to analysts’ expectations of $173.10 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. The firm’s quarterly revenue was up 144.8% compared to the same quarter last year.
In other Kosmos Energy news, SVP Jason Doughty acquired 8,347 shares of Kosmos Energy stock in a transaction on Friday, March 3rd. The shares were purchased at an average cost of $6.00 per share, with a total value of $50,082.00. Following the completion of the purchase, the senior vice president now owns 400,354 shares in the company, valued at $2,402,124. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.74% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Amalgamated Bank boosted its position in shares of Kosmos Energy by 3.3% in the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock worth $150,000 after buying an additional 720 shares during the last quarter. Comerica Bank boosted its position in shares of 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 buying an additional 2,701 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Kosmos Energy by 1.6% in the fourth quarter. Guggenheim Capital LLC now owns 211,044 shares of the oil and gas producer’s stock worth $1,479,000 after buying an additional 3,310 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Kosmos Energy by 26.3% in the third quarter. Wells Fargo & Company MN now owns 20,726 shares of the oil and gas producer’s stock worth $133,000 after buying an additional 4,311 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of 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 buying an additional 4,463 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.
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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