Kosmos Energy (NYSE:KOS) Earning Somewhat Favorable News Coverage, Study Finds
News headlines about Kosmos Energy (NYSE:KOS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kosmos Energy earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 46.3147653798523 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Kosmos Energy Ltd. breached its 50 day moving average in a Bearish Manner : KOS-US : August 4, 2017 (finance.yahoo.com)
- Research Analysts Issue Forecasts for Kosmos Energy Ltd’s Q4 2017 Earnings (KOS) (americanbankingnews.com)
- EXTRA: Kosmos To Entice London Investors … (morningstar.co.uk)
- Kosmos eyes wider investor base with secondary listing plans (youroilandgasnews.com)
- BP's West Africa Partner Kosmos To List In London By End-September (finance.yahoo.com)
Shares of Kosmos Energy (NYSE KOS) traded up 5.82% on Friday, hitting $6.55. The stock had a trading volume of 1,995,048 shares. The company’s 50-day moving average price is $6.28 and its 200 day moving average price is $6.29. The firm’s market cap is $2.54 billion. Kosmos Energy has a 12-month low of $4.39 and a 12-month high of $7.90.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, May 8th. The oil and gas producer reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. The business had revenue of $152 million during the quarter, compared to analyst estimates of $173.10 million. Kosmos Energy had a negative return on equity of 11.56% and a negative net margin of 53.37%. The company’s revenue was up 144.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. On average, equities research analysts forecast that Kosmos Energy will post ($0.33) earnings per share for the current fiscal year.
A number of research firms have commented on KOS. Jefferies Group LLC raised their target price on Kosmos Energy from $7.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Johnson Rice began coverage on Kosmos Energy in a report on Tuesday, June 20th. They issued a “buy” rating for the company. Scotiabank set a $7.00 target price on Kosmos Energy and gave the company a “hold” rating in a report on Saturday, July 1st. ValuEngine downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a report on Thursday. Finally, BMO Capital Markets set a $10.00 price target on Kosmos Energy and gave the company a “buy” rating in a research report on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $8.50.
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In other news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $7.15, for a total value of $214,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.
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.
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