Kosmos Energy Ltd (NYSE:KOS) – Research analysts at Capital One Financial increased their FY2018 earnings estimates for shares of Kosmos Energy in a note issued to investors on Wednesday, November 7th. Capital One Financial analyst R. Tullis now expects that the oil and gas producer will earn ($0.19) per share for the year, up from their prior estimate of ($0.28). Capital One Financial also issued estimates for Kosmos Energy’s Q4 2018 earnings at $0.18 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.19 EPS and FY2019 earnings at $0.76 EPS.
Several other equities research analysts have also recently commented on KOS. Berenberg Bank began coverage on shares of Kosmos Energy in a research report on Thursday, November 1st. They issued a “buy” rating and a $12.00 target price for the company. ValuEngine raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Goldman Sachs Group raised shares of Kosmos Energy from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $11.00 to $9.00 in a research report on Tuesday. Societe Generale set a $10.00 target price on shares of Kosmos Energy and gave the stock a “buy” rating in a research report on Monday, November 5th. Finally, Zacks Investment Research cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Saturday, July 21st. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $10.02.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, November 5th. The oil and gas producer reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.09). Kosmos Energy had a negative return on equity of 21.93% and a negative net margin of 51.49%. The company had revenue of $250.20 million during the quarter, compared to analysts’ expectations of $239.20 million. During the same period in the prior year, the business posted ($0.09) earnings per share. The company’s revenue for the quarter was up 65.5% on a year-over-year basis.
In related news, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of Kosmos Energy stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total transaction of $29,462,404.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Benjamin Krieger sold 5,684,429 shares of Kosmos Energy stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total transaction of $50,818,795.26. The disclosure for this sale can be found here. Company insiders own 3.76% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of KOS. Guggenheim Capital LLC lifted its position in Kosmos Energy by 10.8% during the 1st quarter. Guggenheim Capital LLC now owns 240,307 shares of the oil and gas producer’s stock valued at $1,514,000 after acquiring an additional 23,341 shares during the period. State of Alaska Department of Revenue lifted its position in Kosmos Energy by 70.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 30,992 shares of the oil and gas producer’s stock valued at $256,000 after acquiring an additional 12,842 shares during the period. Essex Investment Management Co. LLC purchased a new position in Kosmos Energy during the 2nd quarter valued at about $3,677,000. Unigestion Holding SA purchased a new position in Kosmos Energy during the 2nd quarter valued at about $496,000. Finally, BNP Paribas Arbitrage SA lifted its position in Kosmos Energy by 98.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 103,898 shares of the oil and gas producer’s stock valued at $859,000 after acquiring an additional 51,620 shares during the period. 93.97% of the stock is owned by institutional investors.
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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