The stock of Kosmos Energy Ltd (NYSE:KOS) last traded at $5.81, down -1.19% from the previous session.
KOS stock price is now -2.19% away from the 50-day moving average and -12.93% away from the 200-day moving average. The market capitalization of the company currently stands at $2.74B.
With the price target of $10, Stifel recently initiated with Buy rating for Kosmos Energy Ltd (NYSE: KOS). On October 17, 2023, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $12 to quote $9, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, INGLIS ANDREW G, Chairman and CEO sold 177,430 shares of the company’s stock on Feb 06 ’24. The stock was sold for $1,003,917 at an average price of $5.66. Upon completion of the transaction, the Chairman and CEO now directly owns 3,376,816 shares in the company, valued at $19.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 06 ’24, SVP, Chief Commercial Officer Ball Christopher James sold 121,915 shares of the business’s stock. A total of $689,807 was realized by selling the stock at an average price of $5.66. This leaves the insider owning 1,409,244 shares of the company worth $8.19 million. A total of 2.26% of the company’s stock is owned by insiders.
During the past 12 months, Kosmos Energy Ltd has had a low of $5.23 and a high of $8.28. As of last week, the company has a debt-to-equity ratio of 2.33, a current ratio of 0.76, and a quick ratio of 0.49. According to the stock market information, the enterprise value for the company is $5.03B, which is based on a 13.07 price-to-earnings ratio, a 0.55 price-to-earnings-growth ratio, and a beta of 2.39. The fifty day moving average price for KOS is $5.93 and a two-hundred day moving average price translates $6.67 for the stock.
The latest earnings results from Kosmos Energy Ltd (NYSE: KOS) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.23 by 0.08. This compares to -$0.24 EPS in the same period last year. The net profit margin was 12.42% and return on equity was 23.46% for KOS. The company reported revenue of $507.81 million for the quarter, compared to $563.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.92 percent. For the current quarter, analysts expect KOS to generate $415.1M in revenue.
Kosmos Energy Ltd(KOS) Company Profile
Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal. It undertakes a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos Energy Ltd. was founded in 2003 and is headquartered in Dallas, Texas.
