FY2017 EPS Estimates for Kosmos Energy Ltd. Decreased by Analyst (KOS)
Kosmos Energy Ltd. (NYSE:KOS) – Analysts at Capital One Financial Corporation decreased their FY2017 earnings estimates for shares of Kosmos Energy in a report issued on Tuesday. Capital One Financial Corporation analyst R. Tullis now expects that the oil and gas producer will post earnings per share of ($0.29) for the year, down from their previous estimate of ($0.26). Capital One Financial Corporation also issued estimates for Kosmos Energy’s Q4 2017 earnings at ($0.08) EPS.
Kosmos Energy (NYSE:KOS) last issued 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. The company had revenue of $146.50 million during the quarter, compared to analysts’ expectations of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The business’s revenue was up 220.6% on a year-over-year basis. During the same period last year, the business earned ($0.11) earnings per share.
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KOS has been the topic of several other reports. Bank of America Corporation assumed coverage on Kosmos Energy in a report on Friday, September 29th. They set a “neutral” rating and a $9.00 target price on the stock. Citigroup Inc. reduced their target price on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. Macquarie assumed coverage on Kosmos Energy in a report on Monday, August 7th. They set an “outperform” rating and a $10.00 target price on the stock. Finally, ValuEngine lowered Kosmos Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $9.50.
Large investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in 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 in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Kosmos Energy in the third quarter valued at about $118,000. Teacher Retirement System of Texas boosted its stake in 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 in the last quarter. Creative Planning acquired a new stake in Kosmos Energy in the second quarter valued at about $128,000. Finally, QS Investors LLC boosted its stake in Kosmos Energy by 192.3% in the second quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 15,000 shares in the last quarter.
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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