Kosmos Energy (NYSE:KOS) Posts Earnings Results, Misses Expectations By $0.02 EPS

Kosmos Energy (NYSE:KOS) announced its quarterly earnings results on Monday. The oil and gas producer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02), Zacks reports. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The firm had revenue of $311.23 million for the quarter, compared to analyst estimates of $360.82 million.

Kosmos Energy Price Performance

Shares of KOS opened at $1.57 on Monday. Kosmos Energy has a 52-week low of $1.39 and a 52-week high of $4.22. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.25 and a current ratio of 0.45. The business’s 50 day moving average price is $1.68 and its two-hundred day moving average price is $1.81. The firm has a market cap of $748.47 million, a PE ratio of -4.74 and a beta of 1.43.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Clarkson Capital assumed coverage on Kosmos Energy in a research note on Friday, October 24th. They issued a “buy” rating and a $4.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a research note on Monday, September 22nd. Mizuho cut their price objective on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kosmos Energy in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.10.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in Kosmos Energy by 18.0% in the second quarter. Ameriprise Financial Inc. now owns 2,617,134 shares of the oil and gas producer’s stock valued at $4,501,000 after buying an additional 399,257 shares during the period. Squarepoint Ops LLC lifted its stake in Kosmos Energy by 333.0% in the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after buying an additional 2,477,102 shares during the period. First Trust Advisors LP lifted its stake in Kosmos Energy by 31.6% in the second quarter. First Trust Advisors LP now owns 3,717,124 shares of the oil and gas producer’s stock valued at $6,393,000 after buying an additional 891,567 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kosmos Energy by 21.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock valued at $5,793,000 after buying an additional 443,384 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Kosmos Energy by 217.2% in the second quarter. BNP Paribas Financial Markets now owns 153,331 shares of the oil and gas producer’s stock valued at $264,000 after buying an additional 104,994 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.