Capital One Financial Corporation Comments on Kosmos Energy Ltd.’s Q3 2017 Earnings (KOS)
Kosmos Energy Ltd. (NYSE:KOS) – Equities research analysts at Capital One Financial Corporation reduced their Q3 2017 earnings per share (EPS) estimates for shares of Kosmos Energy in a research report issued on Monday. Capital One Financial Corporation analyst R. Tullis now forecasts that the oil and gas producer will post earnings of ($0.07) per share for the quarter, down from their previous forecast of ($0.06). Capital One Financial Corporation also issued estimates for Kosmos Energy’s FY2017 earnings at ($0.26) EPS.
Kosmos Energy (NYSE:KOS) last posted 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 Zacks’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. The company had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. During the same period last year, the firm earned ($0.11) EPS. The company’s revenue for the quarter was up 220.6% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/25/capital-one-financial-corporation-comments-on-kosmos-energy-ltd-s-q3-2017-earnings-kos-2.html.
Other analysts have also recently issued reports about the stock. Scotiabank set a $7.00 price objective on shares of Kosmos Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. TheStreet raised shares of Kosmos Energy from a “d+” rating to a “c-” rating in a research note on Friday, October 6th. BMO Capital Markets boosted their price objective on shares of Kosmos Energy to $11.00 in a research note on Tuesday. Zacks Investment Research raised shares of Kosmos Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, BidaskClub raised shares of Kosmos Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $8.67.
Shares of Kosmos Energy (NYSE KOS) opened at 7.57 on Wednesday. Kosmos Energy has a 52-week low of $4.39 and a 52-week high of $8.21. The firm’s market capitalization is $2.94 billion. The stock’s 50 day moving average is $7.59 and its 200-day moving average is $6.74.
Large investors have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC acquired a new position in shares of Kosmos Energy during the 3rd quarter valued at $118,000. Teacher Retirement System of Texas lifted its holdings in shares of Kosmos Energy by 40.8% during the 1st quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock valued at $102,000 after acquiring an additional 4,463 shares in the last quarter. Comerica Bank lifted its holdings in shares of Kosmos Energy by 16.8% during the 1st quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock valued at $113,000 after acquiring an additional 2,701 shares in the last quarter. Creative Planning acquired a new position in shares of Kosmos Energy during the 2nd quarter valued at $128,000. Finally, Amalgamated Bank lifted its holdings in shares of Kosmos Energy by 3.3% during the 1st quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock valued at $150,000 after acquiring an additional 720 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.
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.