Analysts expect Kosmos Energy Ltd (NYSE:KOS) to post $190.30 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Kosmos Energy’s earnings, with estimates ranging from $175.00 million to $205.60 million. Kosmos Energy reported sales of $210.92 million during the same quarter last year, which would suggest a negative year over year growth rate of 9.8%. The firm is expected to issue its next quarterly earnings report before the market opens on Monday, February 26th.
On average, analysts expect that Kosmos Energy will report full year sales of $190.30 million for the current financial year, with estimates ranging from $624.00 million to $655.30 million. For the next year, analysts forecast that the business will post sales of $1.02 billion per share, with estimates ranging from $931.00 million to $1.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Kosmos Energy.
Several research analysts have recently commented on KOS shares. Zacks Investment Research raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Barclays boosted their price objective on Kosmos Energy from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. BNP Paribas started coverage on Kosmos Energy in a report on Friday, November 24th. They set an “outperform” rating for the company. Goldman Sachs Group reissued a “neutral” rating and set a $9.00 price objective on shares of Kosmos Energy in a report on Thursday, December 14th. Finally, Jefferies Group set a $7.00 price objective on Kosmos Energy and gave the stock a “hold” rating in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.36.
Large investors have recently added to or reduced their stakes in the stock. Magnetar Financial LLC bought a new stake in Kosmos Energy in the 3rd quarter worth approximately $1,175,000. Janus Henderson Group PLC lifted its position in Kosmos Energy by 39.9% in the 3rd quarter. Janus Henderson Group PLC now owns 7,619,305 shares of the oil and gas producer’s stock worth $60,613,000 after buying an additional 2,174,305 shares during the last quarter. GSA Capital Partners LLP lifted its position in Kosmos Energy by 84.4% in the 3rd quarter. GSA Capital Partners LLP now owns 397,268 shares of the oil and gas producer’s stock worth $3,162,000 after buying an additional 181,779 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Kosmos Energy by 25.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,877,832 shares of the oil and gas producer’s stock worth $54,747,000 after buying an additional 1,409,272 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in Kosmos Energy by 9.8% in the 3rd quarter. California State Teachers Retirement System now owns 385,583 shares of the oil and gas producer’s stock worth $3,069,000 after buying an additional 34,492 shares during the last quarter.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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