Kosmos Energy Ltd (NYSE:KOS) – Research analysts at Jefferies Group decreased their FY2020 earnings per share (EPS) estimates for Kosmos Energy in a research report issued on Tuesday. Jefferies Group analyst N. Kouzmanov now anticipates that the oil and gas producer will earn $0.08 per share for the year, down from their prior forecast of $0.16. Jefferies Group has a “Buy” rating and a $7.00 price target on the stock.
A number of other research analysts have also commented on KOS. BMO Capital Markets set a $10.00 price target on Kosmos Energy and gave the company a “buy” rating in a report on Monday, February 26th. Goldman Sachs Group reissued a “neutral” rating and set a $9.00 price target on shares of Kosmos Energy in a report on Thursday, December 14th. TheStreet lowered Kosmos Energy from a “c-” rating to a “d+” rating in a report on Wednesday, February 21st. ValuEngine lowered Kosmos Energy from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Barclays lifted their target price on Kosmos Energy from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. Kosmos Energy presently has an average rating of “Hold” and a consensus target price of $9.36.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, February 26th. The oil and gas producer reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. Kosmos Energy had a negative return on equity of 12.49% and a negative net margin of 34.98%. The firm had revenue of $187.10 million for the quarter, compared to analyst estimates of $182.28 million. During the same period last year, the company earned ($0.01) earnings per share. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in KOS. State of Alaska Department of Revenue acquired a new stake in Kosmos Energy during the 4th quarter worth about $114,000. JPMorgan Chase & Co. boosted its position in 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 acquiring an additional 7,144 shares during the period. HBK Investments L P acquired a new stake in Kosmos Energy during the 4th quarter worth about $201,000. Virtu Financial LLC acquired a new stake in Kosmos Energy during the 4th quarter worth about $204,000. Finally, Macquarie Group Ltd. acquired a new stake in Kosmos Energy during the 3rd quarter worth about $214,000. Hedge funds and other institutional investors own 98.80% of the company’s stock.
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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