Jefferies Group Equities Analysts Reduce Earnings Estimates for Kosmos Energy Ltd. (KOS)
Kosmos Energy Ltd. (NYSE:KOS) – Equities researchers at Jefferies Group cut their Q4 2017 earnings per share (EPS) estimates for Kosmos Energy in a report issued on Thursday. Jefferies Group analyst J. Wolff now forecasts that the brokerage will post earnings of $0.05 per share for the quarter, down from their prior forecast of $0.08. Jefferies Group currently has a “Buy” rating and a $7.00 target price on the stock.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 20th. RBC Capital Markets raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $6.00 to $9.00 in a research note on Wednesday, August 31st. Finally, Royal Bank Of Canada raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $6.00 to $9.00 in a research note on Wednesday, August 31st. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.05.
Kosmos Energy (NYSE:KOS) opened at 4.90 on Friday. Kosmos Energy has a 52 week low of $3.17 and a 52 week high of $7.58. The company’s market capitalization is $1.89 billion. The company’s 50-day moving average is $5.77 and its 200 day moving average is $5.71.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The company had revenue of $66.63 million for the quarter, compared to the consensus estimate of $123.36 million. Kosmos Energy had a negative return on equity of 6.30% and a negative net margin of 68.54%. The firm’s revenue was down 30.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of Kosmos Energy by 19.7% in the third quarter. Ameriprise Financial Inc. now owns 18,385 shares of the company’s stock valued at $103,000 after buying an additional 3,024 shares during the last quarter. Amalgamated Bank boosted its stake in Kosmos Energy by 3.4% in the second quarter. Amalgamated Bank now owns 18,970 shares of the company’s stock valued at $106,000 after buying an additional 616 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Kosmos Energy by 54.6% in the second quarter. Cubist Systematic Strategies LLC now owns 18,994 shares of the company’s stock valued at $104,000 after buying an additional 6,712 shares during the period. Wells Fargo & Company MN boosted its stake in Kosmos Energy by 26.3% in the third quarter. Wells Fargo & Company MN now owns 20,726 shares of the company’s stock valued at $133,000 after buying an additional 4,311 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in Kosmos Energy by 26.9% in the second quarter. Teacher Retirement System of Texas now owns 20,837 shares of the company’s stock valued at $114,000 after buying an additional 4,415 shares during the period. 97.39% of the stock is currently owned by institutional investors.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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