Kosmos Energy Ltd. (KOS) Expected to Post FY2018 Earnings of ($0.26) Per Share
Kosmos Energy Ltd. (NYSE:KOS) – Research analysts at Jefferies Group decreased their FY2018 earnings per share estimates for shares of Kosmos Energy in a report issued on Tuesday. Jefferies Group analyst N. Kouzmanov now forecasts that the oil and gas producer will post earnings per share of ($0.26) for the year, down from their previous forecast of ($0.24). Jefferies Group currently has a “Buy” rating and a $8.00 target price on the stock. Jefferies Group also issued estimates for Kosmos Energy’s FY2020 earnings at $0.08 EPS and FY2021 earnings at $0.10 EPS.
Several other research analysts also recently weighed in on KOS. Scotiabank set a $7.00 target price on Kosmos Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. Johnson Rice initiated coverage on Kosmos Energy in a research note on Tuesday, June 20th. They set a “buy” rating on the stock. ValuEngine upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets set a $10.00 target price on Kosmos Energy and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, BidaskClub upgraded Kosmos Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $8.71.
Kosmos Energy (KOS) traded up 1.19% during midday trading on Thursday, reaching $6.83. The company’s stock had a trading volume of 2,410,719 shares. Kosmos Energy has a 12-month low of $4.39 and a 12-month high of $7.90. The company’s market cap is $2.66 billion. The firm has a 50 day moving average price of $6.44 and a 200-day moving average price of $6.30.
Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The business had revenue of $146.50 million for the quarter, compared to the consensus estimate of $168.71 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 220.6% compared to the same quarter last year.
In related news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the business’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $7.15, for a total transaction of $214,500,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its stake in shares of Kosmos Energy by 36.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 193,604 shares of the oil and gas producer’s stock worth $1,357,000 after buying an additional 51,557 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Kosmos Energy by 16.8% in the fourth quarter. Teachers Advisors LLC now owns 182,435 shares of the oil and gas producer’s stock worth $1,279,000 after buying an additional 26,292 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Kosmos Energy by 1,395.1% in the first quarter. Nationwide Fund Advisors now owns 65,487 shares of the oil and gas producer’s stock worth $436,000 after buying an additional 61,107 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Kosmos Energy by 1,809.3% in the first quarter. Wells Fargo & Company MN now owns 581,148 shares of the oil and gas producer’s stock worth $3,870,000 after buying an additional 550,710 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in shares of Kosmos Energy by 70.7% in the first quarter. Eqis Capital Management Inc. now owns 44,985 shares of the oil and gas producer’s stock worth $300,000 after buying an additional 18,625 shares in the last quarter.
About Kosmos Energy
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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