Kosmos Energy Ltd. (NYSE:KOS) – Investment analysts at Capital One Financial decreased their FY2017 earnings estimates for Kosmos Energy in a research note issued to investors on Tuesday. Capital One Financial analyst R. Tullis now forecasts that the oil and gas producer will earn ($0.30) per share for the year, down from their previous forecast of ($0.29). Capital One Financial also issued estimates for Kosmos Energy’s FY2018 earnings at ($0.26) EPS.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The firm had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $149.10 million. During the same period last year, the firm earned ($0.09) EPS. The business’s quarterly revenue was up 126.9% on a year-over-year basis.
Kosmos Energy (NYSE KOS) opened at $6.67 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.66 and a quick ratio of 1.39. Kosmos Energy has a fifty-two week low of $5.52 and a fifty-two week high of $8.62.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its holdings in shares of Kosmos Energy by 31.7% in 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 in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Kosmos Energy in the 2nd quarter worth approximately $34,877,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Kosmos Energy by 3.2% in 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 in the last quarter. Rhumbline Advisers raised its holdings in shares of Kosmos Energy by 13.1% in the 2nd quarter. Rhumbline Advisers now owns 163,398 shares of the oil and gas producer’s stock worth $1,047,000 after purchasing an additional 18,920 shares in the last quarter. Finally, Credit Suisse AG raised its holdings in shares of Kosmos Energy by 66.9% in 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 in the last quarter.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $8.57, for a total transaction of $119,980.00. Following the sale, the director now directly owns 65,191 shares in the company, valued at approximately $558,686.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is currently owned by insiders.
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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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