Kosmos Energy Ltd. (NYSE:KOS – Get Rating) – Equities researchers at Jefferies Financial Group reduced their FY2022 EPS estimates for shares of Kosmos Energy in a research report issued on Wednesday, January 4th. Jefferies Financial Group analyst M. Wilson now anticipates that the oil and gas producer will earn $0.99 per share for the year, down from their prior forecast of $1.04. The consensus estimate for Kosmos Energy’s current full-year earnings is $1.08 per share. Jefferies Financial Group also issued estimates for Kosmos Energy’s FY2023 earnings at $1.34 EPS and FY2024 earnings at $1.36 EPS.
Kosmos Energy (NYSE:KOS – Get Rating) last released its quarterly earnings data on Monday, November 7th. The oil and gas producer reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Kosmos Energy had a net margin of 19.04% and a return on equity of 64.98%. The company had revenue of $456.10 million during the quarter, compared to the consensus estimate of $499.00 million.
A number of other equities research analysts have also issued reports on the stock. TheStreet raised shares of Kosmos Energy from a “c” rating to a “b-” rating in a report on Friday, November 18th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. Barclays decreased their target price on shares of Kosmos Energy to $11.00 in a report on Friday, December 2nd. Finally, Berenberg Bank boosted their price objective on shares of Kosmos Energy from GBX 710 ($8.55) to GBX 735 ($8.86) in a report on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.83.
Kosmos Energy Stock Performance
Kosmos Energy stock opened at $6.20 on Monday. The stock has a market cap of $2.83 billion, a P/E ratio of 6.60, a price-to-earnings-growth ratio of 0.41 and a beta of 2.75. The firm’s fifty day moving average price is $6.31 and its 200-day moving average price is $6.17. Kosmos Energy has a fifty-two week low of $3.89 and a fifty-two week high of $8.48. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.67 and a current ratio of 0.92.
Institutional Investors Weigh In On Kosmos Energy
Several hedge funds and other institutional investors have recently made changes to their positions in KOS. PNC Financial Services Group Inc. raised its stake in shares of Kosmos Energy by 143.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 2,110 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of Kosmos Energy in the second quarter valued at $31,000. Captrust Financial Advisors raised its stake in shares of Kosmos Energy by 50.1% in the first quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 1,467 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Kosmos Energy in the first quarter valued at $45,000. Finally, Profund Advisors LLC purchased a new stake in shares of Kosmos Energy in the third quarter valued at $55,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.
Insider Activity at Kosmos Energy
In related news, Director Sir Richard Billing Dearlove sold 147,000 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $6.65, for a total transaction of $977,550.00. Following the sale, the director now owns 133,615 shares of the company’s stock, valued at $888,539.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.67% of the stock is owned by insiders.
About Kosmos Energy
Kosmos Energy Ltd., a deep-water independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company’s primary assets include production offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal.
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