Several other analysts have also issued reports on KOS. Berenberg Bank reiterated a buy rating and issued a $11.00 target price on shares of Kosmos Energy in a research note on Monday, November 11th. Zacks Investment Research upgraded shares of Kosmos Energy from a sell rating to a hold rating in a research report on Saturday, October 26th. Finally, Barclays set a $8.00 price target on shares of Kosmos Energy and gave the company a buy rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Kosmos Energy presently has an average rating of Buy and a consensus target price of $8.19.
NYSE KOS opened at $5.16 on Wednesday. Kosmos Energy has a 1 year low of $3.53 and a 1 year high of $7.55. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.16 and a quick ratio of 0.87. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -10.98 and a beta of 2.00. The company has a fifty day moving average price of $6.44 and a 200-day moving average price of $6.12.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Kosmos Energy had a net margin of 12.18% and a negative return on equity of 2.68%. The firm had revenue of $357.00 million during the quarter, compared to analyst estimates of $349.03 million. During the same quarter in the prior year, the business posted ($0.23) EPS. The business’s revenue was up 42.7% compared to the same quarter last year. On average, research analysts anticipate that Kosmos Energy will post 0.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.49%. The ex-dividend date is Friday, November 29th. Kosmos Energy’s dividend payout ratio (DPR) is presently -38.30%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in Kosmos Energy by 9.8% during the second quarter. Royal Bank of Canada now owns 18,740 shares of the oil and gas producer’s stock valued at $118,000 after purchasing an additional 1,674 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Kosmos Energy by 47.5% during the third quarter. Parkside Financial Bank & Trust now owns 6,150 shares of the oil and gas producer’s stock valued at $38,000 after purchasing an additional 1,981 shares during the last quarter. Comerica Bank lifted its holdings in Kosmos Energy by 21.6% during the third quarter. Comerica Bank now owns 15,383 shares of the oil and gas producer’s stock valued at $89,000 after purchasing an additional 2,736 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Kosmos Energy by 21.9% during the third quarter. Nisa Investment Advisors LLC now owns 24,500 shares of the oil and gas producer’s stock valued at $153,000 after purchasing an additional 4,400 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in Kosmos Energy by 43.1% during the second quarter. Allianz Asset Management GmbH now owns 16,482 shares of the oil and gas producer’s stock valued at $103,000 after purchasing an additional 4,962 shares during the last quarter. 92.79% of the stock is currently owned by institutional investors and hedge funds.
Kosmos Energy Company Profile
Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.
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