Kosmos Energy Ltd. (KOS) Trading 6.3% Higher
Kosmos Energy Ltd. (NYSE:KOS)’s share price traded up 6.3% on Wednesday . The stock traded as high as $6.61 and last traded at $6.27, with a volume of 2,271,552 shares changing hands. The stock had previously closed at $5.90.
Several equities analysts recently weighed in on the stock. Credit Suisse Group AG restated a “buy” rating on shares of Kosmos Energy in a report on Tuesday, May 10th. Zacks Investment Research upgraded shares of Kosmos Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective on the stock in a report on Tuesday, July 12th. Royal Bank Of Canada upgraded shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $6.00 to $9.00 in a report on Wednesday. Raymond James Financial Inc. upgraded shares of Kosmos Energy from an “outperform” rating to a “strong-buy” rating and set a $7.00 price objective on the stock in a report on Wednesday, May 11th. Finally, RBC Capital Markets upgraded shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $6.00 to $9.00 in a report on Wednesday. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.98.
The company’s market capitalization is $2.43 billion. The stock has a 50 day moving average of $5.72 and a 200 day moving average of $5.57.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.02. During the same period last year, the firm posted ($0.20) earnings per share. The company had revenue of $45.68 million for the quarter, compared to the consensus estimate of $121.81 million. The company’s revenue for the quarter was up 37397.7% compared to the same quarter last year. On average, analysts expect that Kosmos Energy Ltd. will post ($0.40) EPS for the current fiscal year.
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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