Jefferies Group Comments on Kosmos Energy Ltd.’s FY2019 Earnings (NYSE:KOS)
Kosmos Energy Ltd. (NYSE:KOS) – Equities research analysts at Jefferies Group cut their FY2019 earnings per share (EPS) estimates for Kosmos Energy in a report released on Tuesday. Jefferies Group analyst N. Kouzmanov now forecasts that the oil and gas producer will earn ($0.01) per share for the year, down from their prior forecast of $0.01. Jefferies Group has a “Buy” rating and a $8.00 price target on the stock.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative return on equity of 8.55% and a negative net margin of 26.69%. The company had revenue of $146.50 million during the quarter, compared to analysts’ expectations of $168.71 million. During the same period last year, the firm posted ($0.11) earnings per share. The business’s revenue was up 220.6% on a year-over-year basis.
Several other research firms have also issued reports on KOS. Scotiabank reaffirmed a “hold” rating and issued a $7.00 target price on shares of Kosmos Energy in a report on Tuesday, May 9th. Zacks Investment Research upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. BidaskClub upgraded Kosmos Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. BMO Capital Markets set a $10.00 price objective on Kosmos Energy and gave the company a “buy” rating in a research note on Thursday, May 25th. Finally, Citigroup Inc. dropped their price objective on Kosmos Energy from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.71.
Kosmos Energy (NYSE:KOS) traded up 0.777% during mid-day trading on Wednesday, hitting $7.135. The stock had a trading volume of 878,567 shares. The stock’s market cap is $2.76 billion. Kosmos Energy has a 1-year low of $4.39 and a 1-year high of $7.90. The firm’s 50-day moving average price is $6.30 and its 200-day moving average price is $6.29.
Several hedge funds have recently bought and sold shares of KOS. Amalgamated Bank raised its stake in shares of Kosmos Energy by 3.3% in the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock valued at $150,000 after buying an additional 720 shares during the period. Comerica Bank increased its stake in shares of Kosmos Energy by 16.8% in the first quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 2,701 shares during the period. SG Americas Securities LLC increased its stake in shares of Kosmos Energy by 1.8% in the second quarter. SG Americas Securities LLC now owns 160,554 shares of the oil and gas producer’s stock valued at $1,029,000 after buying an additional 2,826 shares during the period. Guggenheim Capital LLC increased its stake in shares of Kosmos Energy by 1.6% in the fourth quarter. Guggenheim Capital LLC now owns 211,044 shares of the oil and gas producer’s stock valued at $1,479,000 after buying an additional 3,310 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Kosmos Energy by 24.6% in the second 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.
In related news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $7.15, for a total value of $214,500,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Kosmos Energy Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kosmos Energy Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.