Kosmos Energy Ltd Announces Quarterly Dividend of $0.05 (NYSE:KOS)

Kosmos Energy Ltd (NYSE:KOS) announced a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.045 per share by the oil and gas producer on Monday, December 23rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, November 29th.

Shares of KOS stock traded down $0.05 during trading hours on Wednesday, reaching $6.36. The company had a trading volume of 13,641 shares, compared to its average volume of 6,071,210. The business has a fifty day moving average price of $6.33 and a 200-day moving average price of $6.18. Kosmos Energy has a one year low of $3.53 and a one year high of $7.55. The firm has a market cap of $2.79 billion, a PE ratio of -13.56 and a beta of 2.00. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.87 and a current ratio of 1.16.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $357.00 million for the quarter, compared to the consensus estimate of $349.03 million. Kosmos Energy had a net margin of 12.18% and a negative return on equity of 2.68%. The firm’s revenue was up 42.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.23) earnings per share. Equities research analysts forecast that Kosmos Energy will post 0.03 EPS for the current year.

A number of research firms recently issued reports on KOS. Barclays set a $8.00 price objective on shares of Kosmos Energy and gave the stock a “buy” rating in a report on Thursday, October 10th. Zacks Investment Research raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Finally, Berenberg Bank reissued a “buy” rating and issued a $11.00 price objective on shares of Kosmos Energy in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $8.19.

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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