Kosmos Energy Ltd (KOS) Expected to Earn FY2020 Earnings of $0.16 Per Share
Kosmos Energy Ltd (NYSE:KOS) – Equities research analysts at Jefferies Group reduced their FY2020 earnings per share estimates for Kosmos Energy in a research report issued on Friday. Jefferies Group analyst N. Kouzmanov now expects that the oil and gas producer will post earnings per share of $0.16 for the year, down from their prior estimate of $0.18. Jefferies Group currently has a “Hold” rating and a $6.00 price target on the stock. Jefferies Group also issued estimates for Kosmos Energy’s FY2021 earnings at $0.13 EPS and FY2022 earnings at $0.34 EPS.
Several other brokerages also recently commented on KOS. BMO Capital Markets set a $11.00 target price on Kosmos Energy and gave the stock a “buy” rating in a research note on Tuesday, October 24th. BNP Paribas initiated coverage on Kosmos Energy in a research note on Friday, November 24th. They set an “outperform” rating for the company. Bank of America upgraded Kosmos Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Scotiabank upgraded Kosmos Energy from a “sector perform” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Royal Bank of Canada set a $15.00 target price on Kosmos Energy and gave the stock a “buy” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Kosmos Energy has a consensus rating of “Hold” and a consensus price target of $9.36.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOS. State of Alaska Department of Revenue bought a new stake in Kosmos Energy in the 4th quarter valued at $114,000. Quantitative Systematic Strategies LLC bought a new stake in Kosmos Energy in the 3rd quarter valued at $118,000. QS Investors LLC boosted its stake in Kosmos Energy by 192.3% in the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock valued at $146,000 after purchasing an additional 15,000 shares during the period. JPMorgan Chase & Co. boosted its stake in Kosmos Energy by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock valued at $169,000 after purchasing an additional 7,144 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in Kosmos Energy in the 2nd quarter valued at $194,000.
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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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