Capital One Financial Comments on Kosmos Energy Ltd’s FY2019 Earnings (NYSE:KOS)

Kosmos Energy Ltd (NYSE:KOS) – Analysts at Capital One Financial dropped their FY2019 EPS estimates for Kosmos Energy in a report released on Wednesday, July 31st. Capital One Financial analyst R. Tullis now forecasts that the oil and gas producer will post earnings of ($0.03) per share for the year, down from their previous estimate of $0.07. Capital One Financial also issued estimates for Kosmos Energy’s Q4 2019 earnings at ($0.02) EPS and FY2020 earnings at ($0.02) EPS.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Kosmos Energy had a negative return on equity of 21.59% and a negative net margin of 9.02%. The company had revenue of $395.93 million during the quarter, compared to analysts’ expectations of $391.29 million. During the same period last year, the firm posted ($0.09) EPS. Kosmos Energy’s quarterly revenue was up 83.8% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the stock. Macquarie began coverage on shares of Kosmos Energy in a research report on Wednesday, May 1st. They issued an “outperform” rating and a $6.69 price target on the stock. ValuEngine cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Zacks Investment Research upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $8.74.

KOS stock opened at $6.11 on Monday. Kosmos Energy has a one year low of $3.53 and a one year high of $9.75. The stock has a fifty day moving average of $5.93. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.17 and a quick ratio of 0.96. The stock has a market capitalization of $2.26 billion, a P/E ratio of -13.00 and a beta of 2.00.

A number of hedge funds have recently bought and sold shares of KOS. GSA Capital Partners LLP lifted its stake in Kosmos Energy by 31.2% in the second quarter. GSA Capital Partners LLP now owns 135,920 shares of the oil and gas producer’s stock valued at $852,000 after buying an additional 32,308 shares during the last quarter. Caymus Capital Partners L.P. acquired a new position in Kosmos Energy during the second quarter worth $11,087,000. Swiss National Bank grew its holdings in Kosmos Energy by 19.2% during the second quarter. Swiss National Bank now owns 519,300 shares of the oil and gas producer’s stock worth $3,256,000 after acquiring an additional 83,500 shares during the period. BNP Paribas Arbitrage SA acquired a new position in Kosmos Energy during the second quarter worth $6,620,000. Finally, First Trust Advisors LP acquired a new position in Kosmos Energy during the second quarter worth $4,024,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

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

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