FY2018 EPS Estimates for Kosmos Energy Ltd Reduced by Capital One Financial (KOS)

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Kosmos Energy Ltd (NYSE:KOS) – Stock analysts at Capital One Financial decreased their FY2018 EPS estimates for shares of Kosmos Energy in a note issued to investors on Monday, November 5th. Capital One Financial analyst R. Tullis now expects that the oil and gas producer will earn ($0.28) per share for the year, down from their prior forecast of ($0.10). Capital One Financial also issued estimates for Kosmos Energy’s Q1 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.07 EPS and FY2019 earnings at $0.29 EPS.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, November 5th. The oil and gas producer reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.09). The company had revenue of $250.20 million for the quarter, compared to analysts’ expectations of $239.20 million. Kosmos Energy had a negative net margin of 49.78% and a negative return on equity of 15.21%. The business’s quarterly revenue was up 65.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) EPS.

Other analysts have also recently issued research reports about the stock. Goldman Sachs Group upgraded shares of Kosmos Energy from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $11.00 to $9.00 in a research report on Tuesday. Zacks Investment Research upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research report on Friday, August 10th. ValuEngine upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Berenberg Bank began coverage on shares of Kosmos Energy in a report on Thursday, November 1st. They set a “buy” rating and a $12.00 target price on the stock. Finally, Societe Generale set a $10.00 target price on shares of Kosmos Energy and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $10.02.

Kosmos Energy stock opened at $5.93 on Wednesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.79 and a current ratio of 0.96. The firm has a market cap of $2.59 billion, a PE ratio of -17.97 and a beta of 1.92. Kosmos Energy has a fifty-two week low of $5.15 and a fifty-two week high of $9.75.

Hedge funds have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. bought a new position in shares of Kosmos Energy during the 3rd quarter valued at $122,000. Trexquant Investment LP bought a new stake in Kosmos Energy in the 2nd quarter worth $139,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Kosmos Energy in the 3rd quarter worth $181,000. Cubist Systematic Strategies LLC grew its holdings in Kosmos Energy by 47.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 26,260 shares of the oil and gas producer’s stock worth $217,000 after acquiring an additional 8,441 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Kosmos Energy in the 2nd quarter worth $250,000. 93.97% of the stock is currently owned by institutional investors.

In related news, Director David Benjamin Krieger sold 5,684,429 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total transaction of $50,818,795.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of the stock in a transaction on Wednesday, September 19th. The shares were 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 company insiders.

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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