Kosmos Energy Ltd (NYSE:KOS) – Research analysts at Jefferies Group lowered their FY2020 earnings per share estimates for Kosmos Energy in a note issued to investors on Tuesday. Jefferies Group analyst N. Kouzmanov now forecasts that the oil and gas producer will post earnings of $0.08 per share for the year, down from their previous estimate of $0.16. Jefferies Group currently has a “Buy” rating and a $7.00 target price on the stock.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, February 26th. The oil and gas producer reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $187.10 million during the quarter, compared to analyst estimates of $182.28 million. Kosmos Energy had a negative return on equity of 12.49% and a negative net margin of 34.98%. Kosmos Energy’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) EPS.
Kosmos Energy (KOS) traded down $0.05 on Wednesday, reaching $6.02. The company’s stock had a trading volume of 1,061,430 shares, compared to its average volume of 2,979,582. The company has a market cap of $2,401.94, a price-to-earnings ratio of -10.84 and a beta of 1.71. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.24 and a quick ratio of 1.08. Kosmos Energy has a fifty-two week low of $5.15 and a fifty-two week high of $8.62.
Several institutional investors have recently bought and sold shares of KOS. State of Alaska Department of Revenue purchased a new stake in shares of Kosmos Energy in the 4th quarter worth approximately $114,000. JPMorgan Chase & Co. grew its stake in shares of Kosmos Energy by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after buying an additional 7,144 shares during the last quarter. HBK Investments L P purchased a new stake in shares of Kosmos Energy in the 4th quarter worth approximately $201,000. Virtu Financial LLC purchased a new stake in shares of Kosmos Energy in the 4th quarter worth approximately $204,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Kosmos Energy in the 3rd quarter worth approximately $214,000. Institutional investors own 98.80% of the company’s stock.
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About Kosmos Energy
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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