Kosmos Energy Ltd (NYSE:KOS) – Equities research analysts at Capital One boosted their Q2 2018 EPS estimates for shares of Kosmos Energy in a research note issued to investors on Monday, May 14th. Capital One analyst R. Tullis now forecasts that the oil and gas producer will earn $0.04 per share for the quarter, up from their prior estimate of $0.03. Capital One also issued estimates for Kosmos Energy’s Q3 2018 earnings at $0.04 EPS and FY2018 earnings at $0.07 EPS.
Other analysts have also issued research reports about the company. Bank of America raised Kosmos Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Jefferies Group raised Kosmos Energy from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research note on Tuesday, March 13th. BMO Capital Markets set a $10.00 target price on Kosmos Energy and gave the stock a “buy” rating in a research note on Monday, February 26th. Zacks Investment Research raised Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Wednesday. Finally, TheStreet lowered Kosmos Energy from a “c-” rating to a “d+” rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $9.33.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, May 7th. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.07. The business had revenue of $127.18 million during the quarter, compared to analyst estimates of $125.50 million. Kosmos Energy had a negative return on equity of 11.16% and a negative net margin of 39.90%. Kosmos Energy’s revenue for the quarter was down 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) earnings per share.
A number of hedge funds have recently made changes to their positions in KOS. Millennium Management LLC lifted its position in Kosmos Energy by 335.9% in the first quarter. Millennium Management LLC now owns 5,225,419 shares of the oil and gas producer’s stock valued at $32,920,000 after purchasing an additional 4,026,583 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Kosmos Energy by 22.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 10,923,750 shares of the oil and gas producer’s stock valued at $68,819,000 after purchasing an additional 1,985,000 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Kosmos Energy by 11.7% during the first quarter. BlackRock Inc. now owns 17,962,978 shares of the oil and gas producer’s stock valued at $113,166,000 after acquiring an additional 1,884,072 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kosmos Energy by 21.8% during the first quarter. Dimensional Fund Advisors LP now owns 10,136,511 shares of the oil and gas producer’s stock valued at $63,860,000 after acquiring an additional 1,810,985 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Kosmos Energy during the fourth quarter valued at approximately $6,600,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.
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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