Kosmos Energy Ltd (NYSE:KOS) – Investment analysts at Jefferies Financial Group lowered their FY2019 earnings estimates for Kosmos Energy in a research note issued on Thursday, August 8th, Zacks Investment Research reports. Jefferies Financial Group analyst M. Wilson now forecasts that the oil and gas producer will post earnings per share of $0.00 for the year, down from their prior estimate of $0.01.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $395.93 million during the quarter, compared to analyst estimates of $391.29 million. Kosmos Energy had a net margin of 1.87% and a negative return on equity of 14.53%. The firm’s revenue for the quarter was up 83.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share.
Several other analysts have also commented on KOS. Berenberg Bank reaffirmed a “buy” rating on shares of Kosmos Energy in a report on Wednesday, August 7th. Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “sell” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $8.74.
Kosmos Energy stock traded up $0.18 during midday trading on Monday, hitting $6.24. 1,701,600 shares of the company were exchanged, compared to its average volume of 4,184,201. The firm has a market capitalization of $2.54 billion, a PE ratio of -13.28 and a beta of 1.97. Kosmos Energy has a fifty-two week low of $3.53 and a fifty-two week high of $9.75. The business has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $6.18. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.88 and a current ratio of 1.13.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in Kosmos Energy by 90.6% during the first quarter. FMR LLC now owns 60,187,482 shares of the oil and gas producer’s stock worth $374,967,000 after acquiring an additional 28,613,476 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Kosmos Energy by 3.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 25,157,950 shares of the oil and gas producer’s stock valued at $157,740,000 after buying an additional 804,755 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Kosmos Energy by 74.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,018,322 shares of the oil and gas producer’s stock valued at $144,324,000 after buying an additional 9,788,958 shares in the last quarter. BlackRock Inc. grew its stake in shares of Kosmos Energy by 11.7% in the second quarter. BlackRock Inc. now owns 19,992,155 shares of the oil and gas producer’s stock valued at $125,352,000 after buying an additional 2,101,446 shares in the last quarter. Finally, Prudential PLC grew its stake in shares of Kosmos Energy by 0.5% in the second quarter. Prudential PLC now owns 12,504,897 shares of the oil and gas producer’s stock valued at $75,029,000 after buying an additional 61,724 shares in the last quarter. Institutional investors and hedge funds own 95.94% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.045 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.18 dividend on an annualized basis and a yield of 2.88%. Kosmos Energy’s dividend payout ratio is currently -38.30%.
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.