Kosmos Energy Ltd. (KOS) to Post FY2016 Earnings of ($0.29) Per Share, Jefferies Group Forecasts
Kosmos Energy Ltd. (NYSE:KOS) – Stock analysts at Jefferies Group cut their FY2016 EPS estimates for shares of Kosmos Energy in a research note issued to investors on Thursday. Jefferies Group analyst J. Wolff now forecasts that the firm will post earnings per share of ($0.29) for the year, down from their prior forecast of ($0.28). Jefferies Group currently has a “Buy” rating and a $7.00 target price on the stock. Jefferies Group also issued estimates for Kosmos Energy’s Q4 2016 earnings at ($0.04) EPS, Q1 2017 earnings at $0.11 EPS, Q2 2017 earnings at $0.12 EPS, Q3 2017 earnings at ($0.01) EPS and FY2017 earnings at $0.27 EPS.
Several other research analysts have also recently weighed in on the stock. RBC Capital Markets upgraded shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Royal Bank Of Canada upgraded shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Finally, Zacks Investment Research cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Kosmos Energy presently has an average rating of “Buy” and an average target price of $8.05.
Shares of Kosmos Energy (NYSE:KOS) opened at 4.90 on Monday. The company’s 50 day moving average is $5.77 and its 200 day moving average is $5.71. Kosmos Energy has a 52-week low of $3.17 and a 52-week high of $7.58. The firm’s market cap is $1.89 billion.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, November 7th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. Kosmos Energy had a negative return on equity of 6.30% and a negative net margin of 68.54%. The business had revenue of $66.63 million for the quarter, compared to the consensus estimate of $123.36 million. During the same period in the prior year, the business posted $0.02 earnings per share. The firm’s revenue for the quarter was down 30.1% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of KOS. TIAA CREF Investment Management LLC raised its stake in Kosmos Energy by 72.4% in the first quarter. TIAA CREF Investment Management LLC now owns 602,365 shares of the company’s stock valued at $3,506,000 after buying an additional 252,898 shares during the period. Goldman Sachs Group Inc. raised its stake in Kosmos Energy by 19.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,053,248 shares of the company’s stock valued at $6,130,000 after buying an additional 175,014 shares during the period. BNP Paribas Arbitrage SA raised its stake in Kosmos Energy by 3.9% in the second quarter. BNP Paribas Arbitrage SA now owns 51,265 shares of the company’s stock valued at $279,000 after buying an additional 1,921 shares during the period. Bank of Montreal Can acquired a new stake in Kosmos Energy during the second quarter valued at about $8,754,000. Finally, RS Investment Management Co. LLC raised its stake in Kosmos Energy by 44.0% in the second quarter. RS Investment Management Co. LLC now owns 3,451,235 shares of the company’s stock valued at $18,809,000 after buying an additional 1,054,485 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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