FY2018 EPS Estimates for Kosmos Energy Ltd. (NYSE:KOS) Reduced by Jefferies Group
Kosmos Energy Ltd. (NYSE:KOS) – Jefferies Group lowered their FY2018 earnings per share (EPS) estimates for Kosmos Energy in a research report issued on Tuesday. Jefferies Group analyst N. Kouzmanov now expects that the oil and gas producer will earn ($0.26) per share 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.
KOS has been the topic of a number of other research reports. BMO Capital Markets set a $9.00 target price on shares of Kosmos Energy and gave the company a “buy” rating in a research report on Monday, June 26th. Zacks Investment Research raised shares of Kosmos Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. Citigroup Inc. decreased their target price on shares of Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Macquarie assumed coverage on shares of Kosmos Energy in a research report on Monday. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, Scotiabank reaffirmed a “hold” rating and issued a $8.00 target price on shares of Kosmos Energy in a research report on Tuesday, May 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $8.71.
Shares of Kosmos Energy (KOS) traded down 2.875% during midday trading on Thursday, reaching $6.925. 1,037,321 shares of the company were exchanged. The firm has a 50-day moving average of $6.39 and a 200 day moving average of $6.30. The firm’s market capitalization is $2.69 billion. Kosmos Energy has a 52 week low of $4.39 and a 52 week high of $7.90.
Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $146.50 million during the quarter, compared to analyst estimates of $168.71 million. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. The business’s revenue was up 220.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) EPS.
In other news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $7.15, for a total transaction of $214,500,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. boosted its stake in shares of Kosmos Energy by 7.4% in the second quarter. Alliancebernstein L.P. now owns 100,555 shares of the oil and gas producer’s stock valued at $645,000 after buying an additional 6,900 shares in the last quarter. Swiss National Bank boosted its stake in shares of Kosmos Energy by 22.7% in the second quarter. Swiss National Bank now owns 387,400 shares of the oil and gas producer’s stock valued at $2,483,000 after buying an additional 71,700 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of Kosmos Energy by 22.1% in the second quarter. Utah Retirement Systems now owns 34,845 shares of the oil and gas producer’s stock valued at $224,000 after buying an additional 6,300 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Kosmos Energy by 2.0% in the second quarter. Victory Capital Management Inc. now owns 5,464,210 shares of the oil and gas producer’s stock valued at $35,026,000 after buying an additional 105,193 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Kosmos Energy by 16.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 323,418 shares of the oil and gas producer’s stock valued at $2,073,000 after buying an additional 45,874 shares in the last quarter.
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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