Capital One Financial Comments on Kosmos Energy Ltd’s FY2017 Earnings (KOS)
Kosmos Energy Ltd (NYSE:KOS) – Research analysts at Capital One Financial upped their FY2017 earnings per share (EPS) estimates for shares of Kosmos Energy in a note issued to investors on Wednesday. Capital One Financial analyst R. Tullis now forecasts that the oil and gas producer will post earnings per share of ($0.26) for the year, up from their prior forecast of ($0.30). Capital One Financial also issued estimates for Kosmos Energy’s Q4 2017 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.21) EPS.
Other equities research analysts have also issued research reports about the company. TheStreet upgraded Kosmos Energy from a “d+” rating to a “c-” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded Kosmos Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Scotiabank upgraded Kosmos Energy from a “sector perform” rating to a “buy” rating in a research note on Thursday, October 26th. BNP Paribas began coverage on Kosmos Energy in a research note on Friday, November 24th. They issued an “outperform” rating for the company. Finally, Jefferies Group lowered Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $9.45.
Shares of Kosmos Energy (NYSE KOS) opened at $6.98 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.66 and a debt-to-equity ratio of 1.07. Kosmos Energy has a 12 month low of $5.53 and a 12 month high of $8.62. The stock has a market capitalization of $2,720.00, a PE ratio of -17.02 and a beta of 1.57.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The company had revenue of $151.20 million during the quarter, compared to analyst estimates of $149.10 million. During the same quarter last year, the business posted ($0.09) EPS. Kosmos Energy’s quarterly revenue was up 126.9% compared to the same quarter last year.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $8.57, for a total transaction of $119,980.00. Following the completion of the sale, the director now owns 65,191 shares in the company, valued at approximately $558,686.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.80% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in KOS. Quantitative Systematic Strategies LLC bought a new position in Kosmos Energy during the 3rd quarter worth approximately $118,000. Comerica Bank lifted its holdings in Kosmos Energy by 19.3% during the 2nd quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after buying an additional 3,626 shares during the last quarter. QS Investors LLC lifted its holdings in Kosmos Energy by 192.3% during the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 15,000 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Kosmos Energy by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after buying an additional 7,144 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in Kosmos Energy during the 2nd quarter worth approximately $194,000.
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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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