Kosmos Energy Ltd (NYSE:KOS) – Equities researchers at Capital One Financial Corp. increased their FY2018 earnings estimates for Kosmos Energy in a research report issued on Tuesday. Capital One Financial Corp. analyst R. Tullis now expects that the oil and gas producer will earn ($0.04) per share for the year, up from their previous estimate of ($0.05). Capital One Financial Corp. has a “Overweight” rating on the stock.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, May 8th. The oil and gas producer reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. The business had revenue of $152 million during the quarter, compared to analysts’ expectations of $173.10 million. Kosmos Energy had a negative net margin of 68.54% and a negative return on equity of 6.30%. The firm’s quarterly revenue was up 144.8% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. TRADEMARK VIOLATION WARNING: “Capital One Financial Corp. Weighs in on Kosmos Energy Ltd’s FY2018 Earnings (KOS)” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2017/06/17/capital-one-financial-corp-weighs-in-on-kosmos-energy-ltds-fy2018-earnings-kos-updated-updated.html.
Other equities analysts have also issued reports about the company. Scotiabank reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Kosmos Energy in a research note on Tuesday, May 9th. Zacks Investment Research raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Citigroup Inc dropped their price target on Kosmos Energy from $10.00 to $8.50 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. Jefferies Group LLC upped their price target on Kosmos Energy from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $10.00 price objective on shares of Kosmos Energy in a research note on Friday, April 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $8.75.
Shares of Kosmos Energy (NYSE:KOS) traded down 3.00% during midday trading on Thursday, hitting $6.78. 749,571 shares of the stock traded hands. Kosmos Energy has a 1-year low of $4.39 and a 1-year high of $7.90. The company’s market capitalization is $2.63 billion. The stock has a 50 day moving average of $6.45 and a 200 day moving average of $6.13.
In other news, SVP Jason Doughty bought 8,347 shares of the stock in a transaction dated Friday, March 3rd. The shares were acquired at an average cost of $6.00 per share, with a total value of $50,082.00. Following the purchase, the senior vice president now directly owns 400,354 shares in the company, valued at approximately $2,402,124. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.74% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in KOS. Teacher Retirement System of Texas raised its position in 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 in the last quarter. Comerica Bank acquired a new stake in shares of Kosmos Energy during the fourth quarter valued at about $105,000. Koch Industries Inc. acquired a new stake in shares of Kosmos Energy during the first quarter valued at about $115,000. Amalgamated Bank increased its stake 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 valued at $150,000 after buying an additional 720 shares during the period. Finally, Teza Capital Management LLC acquired a new stake in shares of Kosmos Energy during the fourth quarter valued at about $155,000. Institutional investors and hedge funds own 97.23% of the company’s stock.
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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