Dakota Financial News
by Faye Duncan
Kosmos Energy (NYSE:KOS) released its earnings results on Monday. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06, Marketbeat reports. The firm had revenue of $96.60 million for the quarter, compared to the consensus estimate of $167.47 million.
A number of equities research analysts have recently weighed in on the company. Jefferies Group dropped their price objective on Kosmos Energy to $9.00 in a report on Friday, September 11th.
Barclays restated an “equal weight” rating and issued a $8.00 price target (down from $9.00) on shares of Kosmos Energy in a report on Tuesday, September 8th. Citigroup Inc. reduced their price objective on Kosmos Energy from $11.00 to $7.00 and set a “neutral” rating for the company in a research report on Monday, September 14th. Finally, TheStreet cut Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Kosmos Energy currently has an average rating of “Hold” and an average price target of $10.33.
Shares of Kosmos Energy (NYSE:KOS) opened at 6.82 on Monday. The company’s market cap is $2.62 billion. Kosmos Energy has a 1-year low of $5.34 and a 1-year high of $10.41. The firm has a 50-day moving average price of $6.62 and a 200 day moving average price of $7.71.
Kosmos Energy Ltd. (NYSE:KOS) is a holding, independent oil and gas exploration and production firm focused on frontier and emerging areas along the Atlantic Margin. The operations of the Company’s are conducted through its fully owned subsidiary company, Kosmos Energy, LLC.
The Company’s assets comprise present generation and other development projects abroad Ghana, along with exploration licenses with hydrocarbon potential offshore Ireland, Mauritania, Morocco (including Western Sahara), Senegal and Suriname. The Business has operations in Africa, Europe, South America and Ghana. Its discoveries in Ghana contain Jubilee Field, Akasa, Mahogany, Teak, TEN and Wawa. The company’s other properties include Mauritania Ireland, Morocco, Senegal and Suriname.
