Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Kosmos Energy (NYSE:KOS) Stock Price
News stories about Kosmos Energy (NYSE:KOS) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kosmos Energy earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 47.3841331756876 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Kosmos Energy Ltd. (KOS) Stake Increased by Hotchkis & Wiley Capital Management LLC – First News 24 (firstnewspaper24.com)
- Kosmos to Begin Drilling 3 Super-Giant Prospects in Africa – Nasdaq … – Nasdaq (nasdaq.com)
- FY2018 EPS Estimates for Kosmos Energy Ltd. (NYSE:KOS) Reduced by Jefferies Group (americanbankingnews.com)
- Kosmos Energy Ltd. to Post Q3 2017 Earnings of ($0.05) Per Share, Capital One Financial Corporation Forecasts (NYSE:KOS) (americanbankingnews.com)
Shares of Kosmos Energy (NYSE KOS) traded up 1.19% on Friday, hitting $6.83. The company had a trading volume of 2,410,719 shares. Kosmos Energy has a 52 week low of $4.39 and a 52 week high of $7.90. The firm’s 50 day moving average price is $6.44 and its 200-day moving average price is $6.30. The stock’s market capitalization is $2.66 billion.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The company had revenue of $146.50 million during the quarter, compared to analyst estimates of $168.71 million. During the same quarter last year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was up 220.6% on a year-over-year basis. Analysts forecast that Kosmos Energy will post ($0.25) earnings per share for the current fiscal year.
A number of research firms recently commented on KOS. ValuEngine raised Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Macquarie assumed coverage on Kosmos Energy in a report on Monday, August 7th. They issued an “outperform” rating and a $10.00 target price for the company. BMO Capital Markets reiterated a “buy” rating and issued a $9.00 target price on shares of Kosmos Energy in a report on Friday, August 4th. Jefferies Group LLC set a $8.00 target price on Kosmos Energy and gave the stock a “buy” rating in a report on Saturday, July 22nd. Finally, Citigroup Inc. lowered their target price on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, two have given 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 price target of $8.71.
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In other Kosmos Energy news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of Kosmos Energy 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is owned by company 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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