Capital One Financial Comments on Kosmos Energy Ltd’s FY2017 Earnings (KOS)

Kosmos Energy Ltd (NYSE:KOS) – Equities researchers at Capital One Financial increased their FY2017 earnings per share estimates for shares of Kosmos Energy in a report released on Wednesday. Capital One Financial analyst R. Tullis now expects that the oil and gas producer will earn ($0.26) per share for the year, up from their previous forecast of ($0.30). Capital One Financial also issued estimates for Kosmos Energy’s Q4 2017 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.21) EPS.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The business had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $149.10 million. During the same quarter last year, the company posted ($0.09) earnings per share. The business’s quarterly revenue was up 126.9% compared to the same quarter last year.

Several other brokerages have also commented on KOS. Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. BMO Capital Markets restated a “buy” rating and set a $9.00 price target on shares of Kosmos Energy in a research note on Wednesday, September 27th. Credit Suisse Group upgraded Kosmos Energy from a “neutral” rating to an “outperform” rating in a research note on Monday, January 8th. Barclays upped their price target on Kosmos Energy from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 11th. Finally, Royal Bank of Canada set a $15.00 price target on Kosmos Energy and gave the stock a “buy” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $9.45.

Kosmos Energy (NYSE KOS) opened at $6.98 on Monday. Kosmos Energy has a 12-month low of $5.53 and a 12-month high of $8.62. The firm has a market capitalization of $2,720.00, a PE ratio of -17.02 and a beta of 1.57. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 1.66.

In other news, Director Yves-Louis Darricarrere sold 14,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $8.57, for a total value of $119,980.00. Following the completion of the sale, the director now owns 65,191 shares in the company, valued at $558,686.87. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.80% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of KOS. Capital World Investors grew its stake in shares of Kosmos Energy by 211.1% in the second quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock valued at $77,986,000 after buying an additional 8,255,929 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Kosmos Energy in the second quarter valued at about $34,877,000. Capital Research Global Investors grew its stake in shares of Kosmos Energy by 15.9% in the second quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock valued at $193,282,000 after buying an additional 4,130,107 shares in the last quarter. Prudential PLC grew its stake in shares of Kosmos Energy by 17.4% in the second quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock valued at $88,149,000 after buying an additional 2,036,371 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Kosmos Energy by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,108,820 shares of the oil and gas producer’s stock valued at $45,566,000 after buying an additional 1,755,918 shares in the last quarter.

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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.

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

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