Kosmos Energy (NYSE:KOS) Shares Down 5.1%

Kosmos Energy Ltd (NYSE:KOS)’s stock price traded down 5.1% on Tuesday . The stock traded as low as $6.44 and last traded at $6.53, 5,655,999 shares traded hands during mid-day trading. An increase of 35% from the average session volume of 4,196,989 shares. The stock had previously closed at $6.88.

Several equities analysts recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating on shares of Kosmos Energy in a report on Wednesday, August 7th. Zacks Investment Research upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $8.74.

The firm has a market cap of $2.52 billion, a price-to-earnings ratio of -13.89 and a beta of 1.97. The business’s 50 day moving average price is $6.18 and its 200 day moving average price is $6.21. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.88 and a current ratio of 1.13.



Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Kosmos Energy had a negative return on equity of 14.53% and a net margin of 1.87%. The firm had revenue of $395.93 million for the quarter, compared to analyst estimates of $391.29 million. During the same period in the previous year, the business earned ($0.09) EPS. Kosmos Energy’s revenue for the quarter was up 83.8% compared to the same quarter last year. Sell-side analysts anticipate that Kosmos Energy Ltd will post 0.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.76%. Kosmos Energy’s dividend payout ratio (DPR) is -38.30%.

Several large investors have recently made changes to their positions in KOS. Royal Bank of Canada raised its holdings in shares of Kosmos Energy by 9.8% during the 2nd quarter. Royal Bank of Canada now owns 18,740 shares of the oil and gas producer’s stock worth $118,000 after acquiring an additional 1,674 shares during the period. TD Asset Management Inc. raised its holdings in shares of Kosmos Energy by 13.7% during the 1st quarter. TD Asset Management Inc. now owns 29,038 shares of the oil and gas producer’s stock worth $181,000 after acquiring an additional 3,500 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Kosmos Energy by 43.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 16,482 shares of the oil and gas producer’s stock worth $103,000 after acquiring an additional 4,962 shares during the period. Pitcairn Co. raised its holdings in shares of Kosmos Energy by 4.7% during the 2nd quarter. Pitcairn Co. now owns 114,287 shares of the oil and gas producer’s stock worth $716,000 after acquiring an additional 5,161 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Kosmos Energy by 19.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 36,643 shares of the oil and gas producer’s stock worth $229,000 after acquiring an additional 5,898 shares during the period. Hedge funds and other institutional investors own 95.93% of the company’s stock.

About Kosmos Energy (NYSE:KOS)

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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