Jefferies Group Comments on Kosmos Energy Ltd.’s FY2019 Earnings (KOS)
Kosmos Energy Ltd. (NYSE:KOS) – Analysts at Jefferies Group dropped their FY2019 earnings estimates for Kosmos Energy in a report released on Tuesday. Jefferies Group analyst N. Kouzmanov now anticipates that the oil and gas producer will earn ($0.01) per share for the year, down from their prior forecast of $0.01. Jefferies Group currently has a “Buy” rating and a $8.00 target price on the stock.
Several other analysts have also recently commented on KOS. Scotiabank set a $7.00 target price on Kosmos Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Johnson Rice initiated coverage on Kosmos Energy in a report on Tuesday, June 20th. They issued a “buy” rating for the company. BMO Capital Markets set a $10.00 price target on Kosmos Energy and gave the stock a “buy” rating in a report on Thursday, May 25th. ValuEngine downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Zacks Investment Research upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.71.
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Kosmos Energy (NYSE:KOS) traded up 0.777% during trading on Wednesday, reaching $7.135. 878,567 shares of the company’s stock were exchanged. Kosmos Energy has a 52-week low of $4.39 and a 52-week high of $7.90. The company’s market capitalization is $2.76 billion. The stock’s 50-day moving average price is $6.30 and its 200-day moving average price is $6.29.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.55%. The business’s quarterly revenue was up 220.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) earnings per share.
A number of hedge funds and other institutional investors have recently bought and sold shares of KOS. Precocity Capital LP bought a new stake in shares of Kosmos Energy during the first quarter worth approximately $6,660,000. Vaughan Nelson Investment Management L.P. raised its position in Kosmos Energy by 3.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 8,399,885 shares of the oil and gas producer’s stock valued at $53,843,000 after buying an additional 251,660 shares in the last quarter. Wellington Management Group LLP acquired a new position in Kosmos Energy during the first quarter valued at about $448,000. Dimensional Fund Advisors LP raised its position in Kosmos Energy by 25.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,352,902 shares of the oil and gas producer’s stock valued at $35,646,000 after buying an additional 1,069,548 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Kosmos Energy by 1,928.1% in the first quarter. Legal & General Group Plc now owns 394,659 shares of the oil and gas producer’s stock valued at $2,578,000 after buying an additional 375,199 shares in the last quarter.
In other news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. 3.80% of the stock is currently owned by insiders.
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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