Kosmos Energy (NYSE:KOS) issued its earnings results on Monday. The oil and gas producer reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01), Morningstar.com reports. Kosmos Energy had a negative return on equity of 14.40% and a net margin of 1.87%. The firm had revenue of $395.93 million during the quarter, compared to analyst estimates of $391.29 million. During the same period in the previous year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was up 83.8% on a year-over-year basis.
KOS opened at $6.32 on Thursday. The company has a market cap of $2.30 billion, a P/E ratio of -13.45 and a beta of 2.00. The business’s 50-day moving average is $5.93. Kosmos Energy has a 52-week low of $3.53 and a 52-week 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 business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be paid a dividend of $0.045 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.18 annualized dividend and a dividend yield of 2.85%. Kosmos Energy’s dividend payout ratio (DPR) is presently -38.30%.
Several research analysts have weighed in on KOS shares. Zacks Investment Research raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Berenberg Bank reiterated a “buy” rating on shares of Kosmos Energy in a research note on Wednesday. Macquarie initiated coverage on Kosmos Energy in a research note on Wednesday, May 1st. They set an “outperform” rating and a $6.69 price target for the company. Finally, ValuEngine downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $8.74.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Kosmos Energy by 90.6% during the 1st quarter. FMR LLC now owns 60,187,482 shares of the oil and gas producer’s stock valued at $374,967,000 after purchasing an additional 28,613,476 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Kosmos Energy by 15.1% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 24,353,195 shares of the oil and gas producer’s stock valued at $151,721,000 after purchasing an additional 3,191,950 shares during the period. FIL Ltd boosted its stake in Kosmos Energy by 66.8% during the 1st quarter. FIL Ltd now owns 5,987,816 shares of the oil and gas producer’s stock valued at $36,813,000 after purchasing an additional 2,397,156 shares during the period. Norges Bank bought a new stake in Kosmos Energy during the 4th quarter valued at approximately $8,300,000. Finally, Caymus Capital Partners L.P. bought a new stake in Kosmos Energy during the 2nd quarter valued at approximately $11,087,000. Institutional investors own 97.22% of the company’s stock.
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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