Kosmos Energy Ltd (NYSE:KOS) – Investment analysts at Capital One Financial increased their FY2019 earnings per share (EPS) estimates for Kosmos Energy in a note issued to investors on Wednesday, October 10th. Capital One Financial analyst R. Tullis now expects that the oil and gas producer will post earnings per share of $0.63 for the year, up from their prior estimate of $0.62.

Other equities research analysts have also issued research reports about the stock. ValuEngine raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Friday, August 10th. Finally, Barclays set a $11.00 target price on shares of Kosmos Energy and gave the stock a “buy” rating in a report on Wednesday, August 29th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.02.

Shares of Kosmos Energy stock opened at $8.24 on Thursday. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of -24.97 and a beta of 1.61. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.79 and a current ratio of 0.96. Kosmos Energy has a 52-week low of $5.15 and a 52-week high of $9.75.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.05). The business had revenue of $215.47 million during the quarter, compared to the consensus estimate of $215.07 million. Kosmos Energy had a negative net margin of 49.78% and a negative return on equity of 15.21%. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.02) EPS.

In other news, Director David Benjamin Krieger sold 5,684,429 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total value of $50,818,795.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of the company’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $8.94, for a total transaction of $29,462,404.74. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in shares of Kosmos Energy in the 3rd quarter worth about $122,000. Northern Trust Corp lifted its position in Kosmos Energy by 18.5% during the 2nd quarter. Northern Trust Corp now owns 1,364,025 shares of the oil and gas producer’s stock worth $11,281,000 after buying an additional 212,668 shares in the last quarter. Verition Fund Management LLC acquired a new position in Kosmos Energy during the 2nd quarter worth about $636,000. Waddell & Reed Financial Inc. acquired a new position in Kosmos Energy during the 2nd quarter worth about $3,542,000. Finally, Marshall Wace LLP acquired a new position in Kosmos Energy during the 2nd quarter worth about $250,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

About Kosmos Energy

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

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Earnings History and Estimates for Kosmos Energy (NYSE:KOS)

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