Kosmos Energy (KOS) to Release Earnings on Monday

Kosmos Energy (NYSE:KOSGet Rating) is set to post its quarterly earnings results before the market opens on Monday, August 8th. Analysts expect Kosmos Energy to post earnings of $0.20 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Kosmos Energy (NYSE:KOSGet Rating) last announced its quarterly earnings results on Monday, May 9th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter. Kosmos Energy had a return on equity of 36.26% and a net margin of 0.79%. The firm had revenue of $659.07 million during the quarter. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, analysts expect Kosmos Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kosmos Energy Stock Up 4.6 %

Shares of NYSE KOS opened at $5.95 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.69 and a debt-to-equity ratio of 4.45. The stock has a fifty day moving average price of $6.48 and a 200 day moving average price of $6.23. The company has a market cap of $2.71 billion, a P/E ratio of 595.00 and a beta of 2.88. Kosmos Energy has a 12-month low of $1.80 and a 12-month high of $8.48.

Insider Buying and Selling at Kosmos Energy

In other news, Director Roy A. Franklin sold 20,732 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $7.10, for a total transaction of $147,197.20. Following the transaction, the director now owns 52,009 shares of the company’s stock, valued at $369,263.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kosmos Energy

Several large investors have recently modified their holdings of the stock. State Street Corp lifted its position in shares of Kosmos Energy by 22.6% during the first quarter. State Street Corp now owns 25,401,775 shares of the oil and gas producer’s stock worth $182,639,000 after purchasing an additional 4,679,471 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Kosmos Energy by 4.3% in the first quarter. Vanguard Group Inc. now owns 14,255,516 shares of the oil and gas producer’s stock worth $102,497,000 after acquiring an additional 581,167 shares during the last quarter. Invesco Ltd. lifted its holdings in Kosmos Energy by 291.5% in the first quarter. Invesco Ltd. now owns 8,048,295 shares of the oil and gas producer’s stock worth $57,868,000 after acquiring an additional 5,992,660 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Kosmos Energy by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 6,692,364 shares of the oil and gas producer’s stock worth $48,110,000 after acquiring an additional 578,305 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Kosmos Energy by 75.6% in the first quarter. First Trust Advisors LP now owns 6,054,738 shares of the oil and gas producer’s stock worth $43,534,000 after acquiring an additional 2,606,249 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KOS. Berenberg Bank cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Monday, June 13th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.25.

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.

Further Reading

Earnings History for Kosmos Energy (NYSE:KOS)

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