Kosmos Energy Ltd. (NYSE:KOS) – Equities researchers at Jefferies Group raised their FY2017 EPS estimates for shares of Kosmos Energy in a research note issued on Thursday. Jefferies Group analyst N. Kouzmanov now forecasts that the oil and gas producer will post earnings per share of ($0.44) for the year, up from their prior estimate of ($0.51). Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Kosmos Energy’s FY2018 earnings at ($0.27) EPS, FY2019 earnings at $0.09 EPS, FY2020 earnings at $0.18 EPS and FY2021 earnings at $0.18 EPS.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative return on equity of 24.55% and a negative net margin of 41.92%. The company had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $149.10 million. During the same period in the prior year, the business earned ($0.09) EPS. The business’s quarterly revenue was up 126.9% compared to the same quarter last year.
A number of other equities analysts have also issued reports on the company. Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. Barclays PLC lifted their price objective on Kosmos Energy from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, October 11th. Citigroup Inc. lowered their price objective on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Howard Weil raised Kosmos Energy from a “sector perform” rating to a “sector outperform” rating and set a $12.00 price objective on the stock in a report on Thursday, October 26th. Finally, BMO Capital Markets set a $11.00 price objective on Kosmos Energy and gave the company a “buy” rating in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Kosmos Energy has a consensus rating of “Hold” and an average target price of $9.50.
Kosmos Energy (NYSE KOS) opened at $7.87 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07. Kosmos Energy has a twelve month low of $4.60 and a twelve month high of $8.62.
Hedge funds have recently bought and sold shares of the company. Quantitative Systematic Strategies LLC acquired a new stake in shares of Kosmos Energy during the 3rd quarter valued at approximately $118,000. Teacher Retirement System of Texas lifted its position in shares of Kosmos Energy by 24.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock valued at $123,000 after acquiring an additional 3,778 shares during the period. Creative Planning acquired a new stake in shares of Kosmos Energy during the 2nd quarter valued at approximately $128,000. Comerica Bank lifted its position in shares of Kosmos Energy by 19.3% during the 2nd quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock valued at $140,000 after acquiring an additional 3,626 shares during the period. Finally, QS Investors LLC raised its position in shares of Kosmos Energy by 192.3% during the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock worth $146,000 after purchasing an additional 15,000 shares during the last quarter.
In other news, Director Yves-Louis Darricarrere sold 14,000 shares of Kosmos Energy stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $8.57, for a total transaction of $119,980.00. Following the completion of the sale, the director now directly owns 65,191 shares in the company, valued at approximately $558,686.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by company insiders.
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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