Capital One Financial Corporation Research Analysts Cut Earnings Estimates for Kosmos Energy Ltd. (KOS)
Kosmos Energy Ltd. (NYSE:KOS) – Capital One Financial Corporation lowered their FY2017 earnings per share estimates for Kosmos Energy in a research report issued on Tuesday. Capital One Financial Corporation analyst R. Tullis now expects that the oil and gas producer will post earnings per share of ($0.29) for the year, down from their prior estimate of ($0.26). Capital One Financial Corporation also issued estimates for Kosmos Energy’s Q4 2017 earnings at ($0.08) EPS.
KOS has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 11th. BMO Capital Markets restated a “buy” rating and set a $9.00 price objective on shares of Kosmos Energy in a research report on Friday, August 4th. Barclays PLC upped their price objective on shares of Kosmos Energy from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Jefferies Group LLC cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Bank of America Corporation began coverage on shares of Kosmos Energy in a research note on Friday, September 29th. They set a “neutral” rating and a $9.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Kosmos Energy presently has an average rating of “Hold” and an average target price of $9.50.
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Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $146.50 million for the quarter, compared to analyst estimates of $168.71 million. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. The firm’s revenue was up 220.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners grew its stake in Kosmos Energy by 0.6% in the 3rd quarter. Boston Partners now owns 5,924,580 shares of the oil and gas producer’s stock valued at $47,160,000 after acquiring an additional 34,407 shares during the last quarter. Prudential Financial Inc. acquired a new stake in Kosmos Energy in the 3rd quarter valued at about $1,531,000. State of Wisconsin Investment Board grew its stake in Kosmos Energy by 24.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 47,060 shares of the oil and gas producer’s stock valued at $375,000 after acquiring an additional 9,098 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Kosmos Energy by 3.8% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 8,719,555 shares of the oil and gas producer’s stock valued at $69,408,000 after acquiring an additional 319,670 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Kosmos Energy in the 3rd quarter valued at about $118,000.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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