Kosmos Energy Ltd Forecasted to Earn FY2017 Earnings of ($0.30) Per Share (KOS)

Kosmos Energy Ltd (NYSE:KOS) – Analysts at Capital One Financial reduced their FY2017 EPS estimates for shares of Kosmos Energy in a research note issued to investors on Wednesday. Capital One Financial analyst R. Tullis now anticipates that the oil and gas producer will earn ($0.30) per share for the year, down from their prior forecast of ($0.26). Capital One Financial also issued estimates for Kosmos Energy’s Q4 2017 earnings at ($0.07) EPS, Q1 2018 earnings at ($0.04) EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.01 EPS and FY2018 earnings at $0.01 EPS.

A number of other equities research analysts have also recently issued reports on the company. Royal Bank of Canada cut Kosmos Energy from an “outperform” rating to a “sector perform” rating in a research note on Monday, February 5th. Jefferies Group set a $6.00 price objective on Kosmos Energy and gave the company a “hold” rating in a research note on Friday. ValuEngine cut Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Bank of America upgraded Kosmos Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Finally, Scotiabank upgraded Kosmos Energy from a “sector perform” rating to a “buy” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.36.

Kosmos Energy (NYSE KOS) opened at $5.51 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.66 and a debt-to-equity ratio of 1.07. The firm has a market cap of $2,145.35, a PE ratio of -13.77 and a beta of 1.56. Kosmos Energy has a fifty-two week low of $5.22 and a fifty-two week high of $8.62.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Kosmos Energy by 5.2% during the second quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock valued at $102,942,000 after buying an additional 787,145 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of Kosmos Energy by 2.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 8,938,750 shares of the oil and gas producer’s stock valued at $61,230,000 after buying an additional 219,195 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Kosmos Energy by 13.8% during the third quarter. Dimensional Fund Advisors LP now owns 8,088,019 shares of the oil and gas producer’s stock valued at $64,381,000 after buying an additional 979,199 shares during the period. Janus Henderson Group PLC increased its position in shares of Kosmos Energy by 39.9% during the third quarter. Janus Henderson Group PLC now owns 7,619,305 shares of the oil and gas producer’s stock valued at $60,613,000 after buying an additional 2,174,305 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Kosmos Energy by 3.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,128,774 shares of the oil and gas producer’s stock valued at $48,832,000 after buying an additional 250,942 shares during the period.

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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.

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

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