Stocks of Kosmos Energy Ltd (NYSE:KOS) traded higher last session on Wall Street, up 1.95% to $7.32.
According to the data, Kosmos Energy Ltd (NYSE:KOS) has 10 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $8.29, we find $9.76. Given the previous closing price of $7.18, this indicates a potential upside of 35.93 percent. KOS stock price is now -0.89% away from the 50-day moving average and 4.08% away from the 200-day moving average. The market capitalization of the company currently stands at $3.37B.
A total of 1 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $9.75 as their price target over the next twelve months.
With the price target reduced from $12 to $9, Bernstein Downgraded its rating from Outperform to Mkt Perform for Kosmos Energy Ltd (NYSE: KOS).
In other news, GOODWIN DEANNA L, Director sold 112,000 shares of the company’s stock on Jun 09. The stock was sold for $749,280 at an average price of $6.69. Upon completion of the transaction, the Director now directly owns 99,532 shares in the company, valued at $0.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, Director Franklin Roy A. sold 8,000 shares of the business’s stock. A total of $54,400 was realized by selling the stock at an average price of $6.80. This leaves the insider owning 68,870 shares of the company worth $0.5 million. Insiders disposed of 1,230,111 shares of company stock worth roughly $9.0 million over the past 1 year. A total of 2.13% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KOS stock. A new stake in Kosmos Energy Ltd shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $20,938,000. VERITION FUND MANAGEMENT LLC invested $12,810,000 in shares of KOS during the first quarter. In the first quarter, OSLO ASSET MANAGEMENT AS acquired a new stake in Kosmos Energy Ltd valued at approximately $8,052,000. POINT72 EUROPE (LONDON) LLP acquired a new stake in KOS for approximately $6,682,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in KOS valued at around $4,206,000 in the second quarter. In total, there are 339 active investors with 94.07% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $7.19 for Kosmos Energy Ltd (NYSE: KOS). During the past 12 months, Kosmos Energy Ltd has had a low of $5.28 and a high of $8.55. As of last week, the company has a debt-to-equity ratio of 2.63, a current ratio of 0.80, and a quick ratio of 0.44. According to the stock market information, the enterprise value for the company is $5.66B, which is based on a 16.70 price-to-earnings ratio, a 0.70 price-to-earnings-growth ratio, and a beta of 2.63. The fifty day moving average price for KOS is $7.39 and a two-hundred day moving average price translates $7.04 for the stock.
The latest earnings results from Kosmos Energy Ltd (NYSE: KOS) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.06, missing analysts’ expectations of $0.09 by -0.03. This compares to $0.25 EPS in the same period last year. The net profit margin was 13.07% and return on equity was 27.41% for KOS. The company reported revenue of $273.31 million for the quarter, compared to $620.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -55.98 percent. For the current quarter, analysts expect KOS to generate $366.82M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/26/2020. Investors who held shares on 03/05/2020 were paid a $0.0452 dividend.
