Kosmos Energy (NYSE:KOS) posted its earnings results on Sunday. The oil and gas producer reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.02, MarketWatch Earnings reports. Kosmos Energy had a negative net margin of 45.99% and a negative return on equity of 41.86%.
Shares of KOS traded up $0.10 during mid-day trading on Tuesday, hitting $2.92. 233,671 shares of the company’s stock were exchanged, compared to its average volume of 7,645,410. The company has a market cap of $1.18 billion, a PE ratio of -2.46 and a beta of 3.77. Kosmos Energy has a 52 week low of $0.50 and a 52 week high of $4.79. The company has a 50-day simple moving average of $2.70 and a 200 day simple moving average of $1.82. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.05 and a quick ratio of 0.80.
Several research firms have recently weighed in on KOS. Berenberg Bank reaffirmed a “buy” rating on shares of Kosmos Energy in a report on Wednesday, December 9th. The Goldman Sachs Group raised shares of Kosmos Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $2.40 to $4.50 in a research note on Tuesday. Zacks Investment Research lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 18th. Renaissance Capital lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating and set a $2.30 target price on the stock. in a research note on Wednesday, December 16th. Finally, Panmure Gordon began coverage on shares of Kosmos Energy in a research report on Wednesday, December 16th. They issued a “buy” rating and a $2.89 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Kosmos Energy currently has a consensus rating of “Hold” and a consensus price target of $2.78.
Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company's primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal.
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