Kosmos Energy (NYSE:KOS) engages in the exploration, development and production of oil and gas. With assets that include production offshore Ghana, Equatorial Guinea and the US Gulf of Mexico as well as a gas development offshore Mauritania and Senegal, Kosmos is a full-fledged exponent in this field. Its sustainable exploration program is balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.
Shares of KOS stock opened at $7.73 on Friday with Kosmos Energy possessing a fifty-two week low of $4.64 and a fifty-two week high of $8.55. Its current ratios are equally impressive with a debt-to-equity ratio of 2.79 along with quick ratios being 0.58 and current ratios being 0.82 respectively.
A number of brokerages including Benchmark have recently reaffirmed their “buy” rating on shares of Kosmos Energy while Barclays reduced their target price from $10.75 to $10.00 but still assigned an “overweight” rating for the company in a research report published on Wednesday, March 15th.
The P/E ratio for Kosmos is at 16.10 while its PEG ratio stands at 1.48 with a beta set at 2.79 which shows it’s likely that this stock will be more volatile than average relative to market returns.
As previously reported by Bloomberg, Kosmos Energy has been given a consensus rating of “Moderate Buy” along with its average target price being priced at $154.71 which speaks volumes about investment experts’ faith in the said company’s outlook.
Lastly, Kosmos Energy released its earnings results on Sunday, February 26th where it announced its earnings per share stood at $0.23 for the quarter – beating the consensus estimate of $0.20 by $0.03. Kosmos Energy had a return on equity of 66.00% and a net margin of 9.85%. During the same quarter last year, the business earned $0.13 EPS.
Kosmos Energy’s dedication to expanding its exploration and production programs while balancing between proven and emerging basins with frontier basins has made them become an important player in this field. With impressive financial performance, it’s no wonder why it continues to earn accolades from investment analysts and remains popular among investors alike.
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