Kosmos Energy (KOS) Projected to Post Quarterly Earnings on Monday

Kosmos Energy (NYSE:KOS) is expected to announce its earnings results before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $387.60 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Kosmos Energy Stock Down 4.3 %

NYSE:KOS opened at $3.21 on Friday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 5.41 and a beta of 2.41. Kosmos Energy has a twelve month low of $2.62 and a twelve month high of $6.58. The stock’s 50 day moving average price is $3.35 and its two-hundred day moving average price is $3.88. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KOS. Jefferies Financial Group reiterated a “buy” rating and set a $5.60 target price on shares of Kosmos Energy in a research note on Wednesday, December 18th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Sanford C. Bernstein reduced their target price on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Mizuho reduced their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Benchmark reduced their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.52.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, CFO Nealesh D. Shah sold 56,987 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $177,799.44. Following the completion of the transaction, the chief financial officer now owns 1,711,580 shares of the company’s stock, valued at $5,340,129.60. This represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Ronald W. Glass sold 16,182 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the sale, the chief accounting officer now directly owns 320,231 shares of the company’s stock, valued at approximately $999,120.72. The trade was a 4.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock worth $1,572,386 in the last ninety days. 2.02% of the stock is owned by company insiders.

Kosmos Energy 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.