Kosmos Energy Ltd (NYSE:KOS) Declares Quarterly Dividend of $0.05

Kosmos Energy Ltd (NYSE:KOS) announced a quarterly dividend on Monday, August 5th, Zacks reports. Shareholders of record on Thursday, September 5th will be given a dividend of 0.045 per share by the oil and gas producer on Thursday, September 26th. This represents a $0.18 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Wednesday, September 4th.

Kosmos Energy has a dividend payout ratio of 300.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kosmos Energy to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 31.0%.

NYSE KOS traded down $0.07 during trading hours on Wednesday, reaching $6.04. 300,200 shares of the stock traded hands, compared to its average volume of 4,126,393. The firm has a 50 day moving average price of $5.93. Kosmos Energy has a 1 year low of $3.53 and a 1 year high of $9.75. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.96 and a current ratio of 1.17. The firm has a market cap of $2.43 billion, a P/E ratio of -12.72 and a beta of 2.00.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Kosmos Energy had a negative net margin of 9.02% and a negative return on equity of 21.59%. The firm had revenue of $395.93 million for the quarter, compared to analysts’ expectations of $391.29 million. During the same quarter in the previous year, the business earned ($0.09) EPS. The company’s revenue for the quarter was up 83.8% on a year-over-year basis. On average, equities research analysts expect that Kosmos Energy will post 0.19 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on KOS shares. ValuEngine downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Macquarie started coverage on Kosmos Energy in a research report on Wednesday, May 1st. They set an “outperform” rating and a $6.69 price target on the stock. Finally, Zacks Investment Research upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Kosmos Energy has a consensus rating of “Buy” and a consensus price target of $8.74.

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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