FY2022 EPS Estimates for Kosmos Energy Ltd. (NYSE:KOS) Lowered by Analyst

Kosmos Energy Ltd. (NYSE:KOSGet Rating) – Investment analysts at Jefferies Financial Group decreased their FY2022 earnings estimates for Kosmos Energy in a report issued on Monday, May 9th. Jefferies Financial Group analyst M. Wilson now forecasts that the oil and gas producer will post earnings of $0.64 per share for the year, down from their previous estimate of $0.94.

A number of other brokerages have also issued reports on KOS. StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. Barclays boosted their price objective on shares of Kosmos Energy from $6.50 to $11.00 and gave the stock an “overweight” rating in a report on Wednesday, April 6th. The Goldman Sachs Group boosted their price objective on shares of Kosmos Energy from $8.00 to $9.50 and gave the stock a “buy” rating in a report on Tuesday, April 5th. TheStreet raised shares of Kosmos Energy from a “d+” rating to a “c” rating in a report on Monday, February 28th. Finally, Zacks Investment Research raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Tuesday, April 12th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Kosmos Energy presently has an average rating of “Buy” and a consensus price target of $7.79.

Shares of Kosmos Energy stock opened at $6.08 on Thursday. Kosmos Energy has a 52-week low of $1.80 and a 52-week high of $8.36. The company has a quick ratio of 0.71, a current ratio of 1.02 and a debt-to-equity ratio of 4.89. The company’s 50-day simple moving average is $6.86 and its 200-day simple moving average is $5.01. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of -28.95 and a beta of 3.06.

Kosmos Energy (NYSE:KOSGet Rating) last posted its quarterly earnings data on Sunday, May 8th. The oil and gas producer reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Kosmos Energy had a negative net margin of 5.84% and a negative return on equity of 6.74%. During the same period last year, the firm earned ($0.08) EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY purchased a new position in shares of Kosmos Energy during the first quarter valued at approximately $54,000. Commonwealth Equity Services LLC increased its position in Kosmos Energy by 17.2% during the third quarter. Commonwealth Equity Services LLC now owns 61,068 shares of the oil and gas producer’s stock worth $180,000 after purchasing an additional 8,949 shares during the last quarter. Mackenzie Financial Corp increased its position in Kosmos Energy by 67.8% during the third quarter. Mackenzie Financial Corp now owns 23,748 shares of the oil and gas producer’s stock worth $70,000 after purchasing an additional 9,595 shares during the last quarter. Principal Financial Group Inc. increased its position in Kosmos Energy by 31.2% during the third quarter. Principal Financial Group Inc. now owns 84,997 shares of the oil and gas producer’s stock worth $252,000 after purchasing an additional 20,208 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Kosmos Energy during the third quarter worth approximately $1,206,000. 82.44% of the stock is currently owned by institutional investors.

Kosmos Energy Company Profile (Get Rating)

Kosmos Energy Ltd., a deep-water independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company's primary assets include production offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal.

See Also

Earnings History and Estimates for Kosmos Energy (NYSE:KOS)

Receive News & Ratings for Kosmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kosmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.