Kosmos Energy Ltd (NYSE:KOS) – Capital One Financial boosted their Q2 2019 earnings per share estimates for shares of Kosmos Energy in a report released on Tuesday, June 4th, according to Zacks Investment Research. Capital One Financial analyst R. Tullis now anticipates that the oil and gas producer will earn $0.07 per share for the quarter, up from their previous estimate of $0.02. Capital One Financial also issued estimates for Kosmos Energy’s Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $0.28 EPS and FY2020 earnings at $0.37 EPS.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, May 6th. The oil and gas producer reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. Kosmos Energy had a negative net margin of 9.02% and a negative return on equity of 21.59%. The firm had revenue of $296.80 million for the quarter, compared to analysts’ expectations of $283.07 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The business’s revenue for the quarter was up 133.3% on a year-over-year basis.
Shares of NYSE:KOS traded up $0.06 during trading on Thursday, reaching $6.27. 11,287,127 shares of the stock traded hands, compared to its average volume of 4,949,069. The firm’s 50-day moving average price is $6.20. Kosmos Energy has a 52-week low of $3.53 and a 52-week high of $9.75. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.96 and a current ratio of 1.17. The company has a market capitalization of $2.52 billion, a PE ratio of -13.34 and a beta of 2.13.
Large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Kosmos Energy by 90.6% during the 1st quarter. FMR LLC now owns 60,187,482 shares of the oil and gas producer’s stock worth $374,967,000 after purchasing an additional 28,613,476 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new position in Kosmos Energy in the 1st quarter valued at $54,000. Marshall Wace North America L.P. bought a new position in Kosmos Energy in the 1st quarter valued at $222,000. Marshall Wace LLP bought a new position in Kosmos Energy in the 1st quarter valued at $2,019,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in Kosmos Energy by 15.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 24,353,195 shares of the oil and gas producer’s stock valued at $151,721,000 after purchasing an additional 3,191,950 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 6th were given a dividend of $0.0452 per share. This represents a $0.18 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, June 5th. Kosmos Energy’s dividend payout ratio is presently -38.30%.
About Kosmos Energy
Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.
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