Equities Analysts Issue Forecasts for Kosmos Energy Ltd.’s FY2017 Earnings (KOS)
Kosmos Energy Ltd. (NYSE:KOS) – Equities research analysts at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for shares of Kosmos Energy in a report released on Wednesday. Jefferies Group analyst N. Kouzmanov now expects that the oil and gas producer will post earnings of ($0.51) per share for the year, down from their prior forecast of ($0.46). Jefferies Group currently has a “Hold” rating and a $8.00 target price on the stock. Jefferies Group also issued estimates for Kosmos Energy’s FY2018 earnings at ($0.35) EPS and FY2019 earnings at ($0.11) EPS.
KOS has been the topic of several other research reports. Bank of America Corporation began coverage on shares of Kosmos Energy in a report on Friday, September 29th. They issued a “neutral” rating and a $9.00 target price on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $9.00 target price on shares of Kosmos Energy in a report on Wednesday, September 27th. Scotiabank set a $7.00 target price on shares of Kosmos Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. ValuEngine upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Macquarie began coverage on shares of Kosmos Energy in a report on Monday, August 7th. They issued an “outperform” rating and a $10.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.63.
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Kosmos Energy (NYSE KOS) opened at 7.70 on Friday. Kosmos Energy has a 52-week low of $4.39 and a 52-week high of $8.21. The stock’s market capitalization is $2.99 billion. The firm has a 50-day moving average of $7.36 and a 200-day moving average of $6.61.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. During the same period in the prior year, the firm earned ($0.11) EPS. The firm’s quarterly revenue was up 220.6% compared to the same quarter last year.
Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in shares of Kosmos Energy by 31.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 313,299 shares of the oil and gas producer’s stock worth $2,007,000 after purchasing an additional 75,400 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Kosmos Energy by 3.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 8,399,885 shares of the oil and gas producer’s stock worth $53,843,000 after purchasing an additional 251,660 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Kosmos Energy by 3.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock worth $210,687,000 after purchasing an additional 1,010,626 shares during the period. Credit Suisse AG increased its holdings in shares of Kosmos Energy by 66.9% during the 1st quarter. Credit Suisse AG now owns 142,307 shares of the oil and gas producer’s stock worth $947,000 after purchasing an additional 57,051 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of Kosmos Energy during the 1st quarter worth about $448,000.
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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