Kosmos Energy (NYSE:KOS) Releases Earnings Results, Misses Estimates By $0.07 EPS

Kosmos Energy (NYSE:KOS) issued its quarterly earnings results on Monday. The oil and gas producer reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07), FiscalAI reports. The business had revenue of $410.06 million for the quarter, compared to analyst estimates of $466.11 million. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%.

Kosmos Energy Trading Up 1.8%

Kosmos Energy stock opened at $2.90 on Monday. Kosmos Energy has a 12 month low of $0.84 and a 12 month high of $3.34. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The stock has a market cap of $1.73 billion, a P/E ratio of -2.44, a P/E/G ratio of 0.17 and a beta of 0.78. The company’s fifty day simple moving average is $2.76 and its 200-day simple moving average is $2.50.

Wall Street Analyst Weigh In

A number of research firms recently commented on KOS. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Jefferies Financial Group cut Kosmos Energy from a “buy” rating to a “hold” rating and upped their price target for the company from $2.75 to $2.90 in a report on Wednesday. Stephens cut their price objective on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Wall Street Zen lowered Kosmos Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Friday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.37.

Kosmos Energy Company Profile

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.