Brokers Offer Predictions for Kosmos Energy Ltd.’s FY2017 Earnings (KOS)
Kosmos Energy Ltd. (NYSE:KOS) – Research analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for Kosmos Energy in a report released on Tuesday. Jefferies Group analyst N. Kouzmanov forecasts that the oil and gas producer will post earnings per share of ($0.46) for the year. Jefferies Group currently has a “Buy” rating and a $8.00 price target on the stock. Jefferies Group also issued estimates for Kosmos Energy’s FY2018 earnings at ($0.32) EPS, FY2019 earnings at ($0.10) EPS, FY2020 earnings at ($0.03) EPS and FY2021 earnings at ($0.02) EPS.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $168.71 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The business’s revenue for the quarter was up 220.6% compared to the same quarter last year.
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A number of other equities analysts also recently issued reports on the stock. ValuEngine upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Macquarie began coverage on shares of Kosmos Energy in a research note on Monday, August 7th. They set an “outperform” rating and a $10.00 price objective on the stock. BMO Capital Markets reiterated a “buy” rating and set a $9.00 price objective on shares of Kosmos Energy in a research note on Friday, August 4th. Citigroup Inc. dropped their price objective on shares of Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, Zacks Investment Research downgraded shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Two 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 stock has a consensus rating of “Hold” and an average price target of $8.71.
Shares of Kosmos Energy (KOS) opened at 7.17 on Thursday. Kosmos Energy has a 52-week low of $4.39 and a 52-week high of $7.90. The company’s market cap is $2.79 billion. The firm has a 50 day moving average price of $6.68 and a 200-day moving average price of $6.35.
A number of large investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Kosmos Energy by 3.2% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock valued at $210,687,000 after buying an additional 1,010,626 shares during the period. Capital Research Global Investors increased its stake in Kosmos Energy by 15.9% in the second quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock valued at $193,282,000 after buying an additional 4,130,107 shares during the last quarter. BlackRock Inc. increased its stake in Kosmos Energy by 5.2% in the second quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock valued at $102,942,000 after buying an additional 787,145 shares during the last quarter. Prudential PLC increased its stake in Kosmos Energy by 17.4% in the second quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock valued at $88,149,000 after buying an additional 2,036,371 shares during the last quarter. Finally, Capital World Investors increased its stake in Kosmos Energy by 211.1% in the second quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock valued at $77,986,000 after buying an additional 8,255,929 shares during 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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