A share price of Kosmos Energy Ltd [KOS] is currently trading at $6.14, up 1.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The KOS shares have gain 3.54% over the last week, with a monthly amount drifted -3.46%, and not seem to be holding up well over a long-time horizon.
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On 26, February 2024, Kosmos Energy Announces Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the fourth quarter of 2023. For the quarter, the Company generated a net income of $22 million, or $0.04 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income(1) of $149 million, or $0.31 per diluted share for the fourth quarter of 2023.
From an analyst’s perspective:
Kosmos Energy Ltd [NYSE: KOS] stock has seen the most recent analyst activity on November 20, 2023, when Stifel initiated its Buy rating and assigned the stock a price target of $10. Previously, Bernstein downgraded its rating to Mkt Perform on October 17, 2023, and dropped its price target to $9. On September 27, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $10 on the stock. Redburn started tracking the stock assigning a Buy rating and suggested a price target of $9 on July 20, 2023. Peel Hunt initiated its recommendation with a Add and recommended $8.94 as its price target on March 10, 2023. BofA Securities downgraded its rating to Neutral for this stock on February 28, 2023, and downed its price target to $9.60. In a note dated February 09, 2023, The Benchmark Company initiated an Buy rating and provided a target price of $10 on this stock.
Kosmos Energy Ltd experienced fluctuations in its stock price throughout the past year between $5.28 and $8.28. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Kosmos Energy Ltd [NYSE: KOS] shares were valued at $6.14 at the most recent close of the market. An investor can expect a potential return of 79.15% based on the average KOS price forecast.
Analyzing the KOS fundamentals
Trailing Twelve Months sales for Kosmos Energy Ltd [NYSE:KOS] were 1.72B which represents 0.74% growth. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.22 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.08 points at the first support level, and at 6.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.20, and for the 2nd resistance point, it is at 6.25.
Kosmos Energy Ltd [KOS] reported earnings per share of $0.31 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.23/share, meaning a difference of $0.08 and a surprise factor of 34.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.26 per share as compared to estimates of $0.21 per share, a difference of $0.05 representing a surprise of 23.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Kosmos Energy Ltd [NYSE:KOS] is 0.76. On the other hand, the Quick Ratio is 0.49, and the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 1.68, the price to book ratio is 2.74 and price to earnings (TTM) ratio is 13.81.
Transactions by insiders
Recent insider trading involved INGLIS ANDREW G, Chairman and CEO, that happened on Feb 06 when 0.18 million shares were sold. SVP, Chief Commercial Officer, Ball Christopher James completed a deal on Feb 06 to sell 0.12 million shares. Meanwhile, SVP and CFO Shah Nealesh D. sold 90454.0 shares on Feb 06.
