Kosmos Energy (NYSE:KOS) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Kosmos Energy (NYSE:KOS) issued its quarterly earnings results on Monday. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07), FiscalAI reports. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. The company had revenue of $410.06 million for the quarter, compared to analyst estimates of $466.11 million.

Kosmos Energy Stock Performance

Shares of NYSE:KOS opened at $2.90 on Monday. The company’s 50 day simple moving average is $2.76 and its 200 day simple moving average is $2.50. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -2.44, a price-to-earnings-growth ratio of 0.17 and a beta of 0.78. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.38. Kosmos Energy has a 1 year low of $0.84 and a 1 year high of $3.34.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wall Street Zen downgraded Kosmos Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Mizuho raised Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Jefferies Financial Group cut Kosmos Energy from a “buy” rating to a “hold” rating and raised their price target for the stock from $2.75 to $2.90 in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research note on Friday. Finally, Stephens dropped their price target on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $2.37.

About Kosmos Energy

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.