Kosmos Energy Ltd (NYSE:KOS) – Research analysts at Jefferies Financial Group dropped their FY2019 earnings estimates for Kosmos Energy in a report issued on Tuesday, June 25th, according to Zacks Investment Research. Jefferies Financial Group analyst M. Wilson now expects that the oil and gas producer will post earnings per share of $0.07 for the year, down from their prior forecast of $0.08. Jefferies Financial Group also issued estimates for Kosmos Energy’s FY2022 earnings at $0.40 EPS and FY2023 earnings at $0.53 EPS.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, May 6th. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Kosmos Energy had a negative return on equity of 21.59% and a negative net margin of 9.02%. The firm had revenue of $296.80 million for the quarter, compared to analyst estimates of $283.07 million. During the same quarter last year, the firm posted ($0.06) EPS. The business’s revenue was up 133.3% on a year-over-year basis.
Shares of NYSE:KOS traded up $0.12 during midday trading on Wednesday, reaching $5.69. 3,488,700 shares of the company’s stock traded hands, compared to its average volume of 4,231,923. Kosmos Energy has a 1 year low of $3.53 and a 1 year high of $9.75. The stock has a market cap of $2.23 billion, a P/E ratio of -12.11 and a beta of 2.03. 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 company has a fifty day simple moving average of $5.99.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 6th were paid a $0.0452 dividend. This represents a $0.18 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Wednesday, June 5th. Kosmos Energy’s dividend payout ratio is currently -38.30%.
Several institutional investors and hedge funds have recently modified their holdings of KOS. State of Alaska Department of Revenue grew its stake in Kosmos Energy by 8.7% in the 1st quarter. State of Alaska Department of Revenue now owns 28,273 shares of the oil and gas producer’s stock worth $176,000 after buying an additional 2,268 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Kosmos Energy by 17.1% during the fourth quarter. Hsbc Holdings PLC now owns 19,955 shares of the oil and gas producer’s stock worth $81,000 after purchasing an additional 2,911 shares during the last quarter. TD Asset Management Inc. lifted its stake in Kosmos Energy by 13.7% during the first quarter. TD Asset Management Inc. now owns 29,038 shares of the oil and gas producer’s stock worth $181,000 after purchasing an additional 3,500 shares during the last quarter. Amalgamated Bank increased its position in Kosmos Energy by 10.1% during the fourth quarter. Amalgamated Bank now owns 46,724 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 4,294 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Kosmos Energy by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 999,127 shares of the oil and gas producer’s stock worth $4,066,000 after buying an additional 4,456 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.
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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