Jefferies Group Comments on Kosmos Energy Ltd’s FY2020 Earnings (KOS)

Kosmos Energy Ltd (NYSE:KOS) – Analysts at Jefferies Group cut their FY2020 earnings per share (EPS) estimates for Kosmos Energy in a research note issued on Friday. Jefferies Group analyst N. Kouzmanov now forecasts that the oil and gas producer will post earnings of $0.16 per share for the year, down from their prior forecast of $0.18. Jefferies Group currently has a “Hold” rating and a $6.00 price target on the stock. Jefferies Group also issued estimates for Kosmos Energy’s FY2021 earnings at $0.13 EPS and FY2022 earnings at $0.34 EPS.

A number of other analysts also recently weighed in on the company. Credit Suisse Group upgraded Kosmos Energy from a “neutral” rating to an “outperform” rating in a report on Monday, January 8th. BNP Paribas started coverage on Kosmos Energy in a report on Friday, November 24th. They set an “outperform” rating for the company. Howard Weil upgraded Kosmos Energy from a “sector perform” rating to a “sector outperform” rating and set a $12.00 price target for the company in a report on Thursday, October 26th. Scotiabank upgraded Kosmos Energy from a “sector perform” rating to a “buy” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets set a $11.00 price target on Kosmos Energy and gave the stock a “buy” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.36.

Shares of Kosmos Energy (KOS) opened at $5.51 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07. Kosmos Energy has a 1-year low of $5.22 and a 1-year high of $8.62. The firm has a market capitalization of $2,150.00, a PE ratio of -13.44 and a beta of 1.56.

Several institutional investors have recently bought and sold shares of KOS. State of Alaska Department of Revenue bought a new position in shares of Kosmos Energy during the 4th quarter worth approximately $114,000. Quantitative Systematic Strategies LLC bought a new position in shares of Kosmos Energy during the 3rd quarter worth approximately $118,000. QS Investors LLC lifted its position in shares of Kosmos Energy by 192.3% during the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 15,000 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Kosmos Energy by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after buying an additional 7,144 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Kosmos Energy during the 2nd quarter worth approximately $194,000.

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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.

Earnings History and Estimates for Kosmos Energy (NYSE:KOS)

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