Bank of America Securities has lowered its PT on Kosmos Energy (KOS) from $5 to $4.2 while maintaining a Buy rating. The move follows the company’s Q2 results, which missed top and bottom line estimates. Management is focused on increasing production, reducing costs, and strengthening the balance sheet, with full-year production expected to be between 65,000 – 70,000 boepd. The company is an oil and gas exploration and production company focused on deepwater fields in West Africa.
Bank of America Securities has recently revised its price target for Kosmos Energy (KOS) from $5 to $4.2, while maintaining a Buy rating on the stock. This adjustment follows the company’s Q2 2025 results, which missed both top and bottom line estimates. The company reported a net loss of $88 million, or $0.18 per share, and an adjusted net loss of $93 million, or $0.19 per share, during the quarter [2].
Management at Kosmos Energy is focused on several key initiatives to improve the company’s financial performance. These include increasing production, reducing costs, and strengthening the balance sheet. The company expects full-year production to be between 65,000 and 70,000 barrels of oil equivalent per day (boepd) [3]. Despite the recent earnings miss, the company has achieved significant milestones, such as reaching commercial operations date on the Gimi FLNG vessel at the Greater Tortue Ahmeyim (GTA) LNG project and delivering 3.5 LNG cargoes in the quarter [2].
Kosmos Energy is an oil and gas exploration and production company with a focus on deepwater fields in West Africa. The company’s operations are based in the region and are expected to benefit from the ongoing growth in the global energy market. Despite the recent earnings setback, the company’s long-term growth prospects remain attractive, particularly given its strong balance sheet and strategic assets in the region [2].
While the recent price target reduction may be concerning for investors, it is essential to consider the broader context of the company’s operations and the potential for future growth. The company’s focus on increasing production and reducing costs is a positive sign, and its strategic assets in West Africa provide a strong foundation for long-term success.
References:
[1] https://stockinvest.us/stock/KOS
[2] https://finance.yahoo.com/news/kosmos-energy-ltd-kos-reports-043228695.html
[3] https://sg.finance.yahoo.com/news/bank-america-securities-lowers-pt-034532221.html
Source: ainvest.com
