Kosmos Energy Ltd [KOS] stock prices are up 1.23% to $5.77 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KOS shares have gain 4.15% over the last week, with a monthly amount drifted -3.83%, and not seem to be holding up well over a long-time horizon.
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On 6, March 2024, Kosmos Energy Ltd. Prices Upsized Offering of $350 Million 3.125% Convertible Senior Notes Due 2030. In a post published today on Yahoo Finance, Kosmos Energy Ltd. (NYSE/LSE: KOS) (“Kosmos” or the “Company”), announced today that it has priced a private offering of $350 million aggregate principal amount of its 3.125% convertible senior notes due 2030 (the “notes”), which represents a $50 million increase in principal amount from the previously announced offering size. The Company also granted the initial purchasers an option to purchase up to an additional $50 million aggregate principal amount of notes, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued. The offering is expected to close on March 8, 2024, subject to customary closing conditions.
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.
The stock price of Kosmos Energy Ltd [KOS] has been fluctuating between $5.23 and $8.28 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Kosmos Energy Ltd [NYSE: KOS] shares were valued at $5.77 at the most recent close of the market. An investor can expect a potential return of 90.64% based on the average KOS price forecast.
Analyzing the KOS fundamentals
The Kosmos Energy Ltd [NYSE:KOS] reported sales of 1.72B for trailing twelve months, representing a surge of 0.74%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.32.
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 5.64 points at the first support level, and at 5.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.87, and for the 2nd resistance point, it is at 5.96.
Kosmos Energy Ltd [KOS] reported earnings per share of $0.24 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 $0.18/share, meaning a difference of $0.06 and a surprise factor of 33.30%. 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
It’s worth pointing out that Kosmos Energy Ltd [NYSE:KOS]’s Current Ratio is 0.76. As well, the Quick Ratio is 0.49, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 1.58, the price to book ratio is 2.57 and price to earnings (TTM) ratio is 12.98.
Transactions by insiders
Recent insider trading involved INGLIS ANDREW G, Chairman and CEO, that happened on Feb 06 ’24 when 0.18 million shares were sold. SVP, Chief Commercial Officer, Ball Christopher James completed a deal on Feb 06 ’24 to sell 0.12 million shares. Meanwhile, SVP and CFO Shah Nealesh D. sold 90454.0 shares on Feb 06 ’24.
