FY2017 Earnings Estimate for Kosmos Energy Ltd. Issued By Jefferies Group (KOS)
Kosmos Energy Ltd. (NYSE:KOS) – Equities researchers at Jefferies Group upped their FY2017 EPS estimates for Kosmos Energy in a research note issued to investors on Thursday. Jefferies Group analyst N. Kouzmanov now forecasts that the oil and gas producer will earn ($0.44) per share for the year, up from their prior estimate of ($0.51). Jefferies Group currently 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 issued its quarterly earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $151.20 million during the quarter, compared to analyst estimates of $149.10 million. Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The business’s revenue for the quarter was up 126.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) EPS. ILLEGAL ACTIVITY WARNING: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/11/13/fy2017-earnings-estimate-for-kosmos-energy-ltd-issued-by-jefferies-group-kos.html.
A number of other analysts have also weighed in on KOS. Citigroup Inc. lowered their price target on shares of Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, July 21st. ValuEngine lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. BMO Capital Markets reissued a “buy” rating and issued a $9.00 price target on shares of Kosmos Energy in a report on Friday, August 4th. Macquarie started coverage on shares of Kosmos Energy in a report on Monday, August 7th. They set an “outperform” rating and a $10.00 target price for the company. Finally, Sanford C. Bernstein started coverage on shares of Kosmos Energy in a report on Wednesday, September 6th. They set a “market perform” rating and a $7.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Kosmos Energy has a consensus rating of “Hold” and an average target price of $9.50.
Shares of Kosmos Energy (KOS) opened at $8.37 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.54 and a current ratio of 1.66. Kosmos Energy has a fifty-two week low of $4.39 and a fifty-two week high of $8.62.
Hedge funds have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC acquired a new position in shares of Kosmos Energy in the 3rd quarter valued at $118,000. Teacher Retirement System of Texas grew its holdings in shares of Kosmos Energy by 24.6% in 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 buying an additional 3,778 shares during the period. Creative Planning acquired a new position in shares of Kosmos Energy in the 2nd quarter valued at $128,000. JPMorgan Chase & Co. grew its holdings in shares of Kosmos Energy by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock valued at $169,000 after buying an additional 7,144 shares during the period. Finally, Comerica Bank grew its holdings in shares of Kosmos Energy by 19.3% in the 2nd quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock valued at $140,000 after buying an additional 3,626 shares during the period.
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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