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Kosmos Energy Ltd. (NYSE: KOS) – Financial badysts at Jefferies Financial Group have increased their earnings-per-share estimates for the 2011 fiscal year of Kosmos Energy in a research note issued to investors on Wednesday, July 4 The badyst of Jefferies Financial Group N. Kuzmanov now expects the oil and gas producer to earn $ 0.11 per share for the year, up by compared to his previous estimate of $ 0.10. Jefferies Financial Group also issued estimates for the benefit of Kosmos Energy's 2012 fiscal year at $ 0.41 Australian
Kosmos Energy (NYSE: KOS) released its quarterly earnings data on Monday, May May oil and gas producer reported earnings per share of $ 0.06 for the quarter, exceeding $ 0.07 consensus estimate of Zacks ($ 0.13), Kosmos Energy posting a negative return on equity 11.16% and a negative net margin of 3%. The company achieved a turnover of $ 127.18 million for the quarter, against a consensus estimate of $ 125.50 million. During the same period last year, the company earned $ (0.11) EPS. The business turnover of the company is down 16.3% over the same quarter of last year.
A number of other research badysts have also recently weighed on the company. Royal Bank of Canada has upgraded Kosmos Energy from a "sector performance" rating to "outperform" and has set a price target of $ 10.00 on the stock in a research note on Thursday. ValuEngine took Kosmos Energy from a "hold" rating to a "buy" rating in a research note on Saturday, June 2nd. TheStreet took Kosmos Energy from a "d +" rating to a "c-" note in a research note on Wednesday, May 16th. Barclays took Kosmos Energy from an "equal weight" rating to an "overweight" rating and set a price target of $ 9.00 on the stock in a research note on Thursday, May 17th. Finally, Zacks Investment Research took Kosmos Energy from a "hold" rating to a "buy" rating and set a target price of $ 8.00 on the stock in a research note on Wednesday, May 16. Two equity research badysts gave a rating to the stock and thirteen attributed a purchase rating to the company. Kosmos Energy has a consensual rating of "Buy" and an average target price of $ 9.24.
Shares of Kosmos Energy opened Friday at $ 8.67, reports Marketbeat. The company has a ratio of 1.25, a ratio of 1.03 and a debt ratio of 1.50. Kosmos Energy has a twelve-month low of $ 5.15 and a twelve-month high of $ 8.69. The company has a market capitalization of $ 3.25 billion, a price / earnings ratio of -26.27 and a beta of 1.56.
A number of institutional investors and hedge funds have recently added or reduced their holdings in the company. Millennium Management LLC increased its stake in Kosmos Energy by 335.9% in the first quarter. Millennium Management LLC now holds 5,225,419 shares of the oil and gas company valued at $ 32,920,000 after purchasing 4,026,583 additional shares in the last quarter. Guggenheim Capital LLC increased its holdings in Kosmos Energy by 10.8% in the first quarter. Guggenheim Capital LLC now holds 240,307 shares of the oil and gas company valued at $ 1,514,000 after purchasing 23,341 additional shares in the last quarter. ART. Advisors LLC acquired a new stake in Kosmos Energy in the first quarter worth approximately $ 924,000. Koch Industries Inc. acquired a new interest in Kosmos Energy in the first quarter, valued at approximately $ 113,000. Finally, Pitcairn Co. acquired a new stake in Kosmos Energy in the first quarter, valued at approximately $ 262,000. 97.78% of the shares are currently held by hedge funds and other institutional investors.
Kosmos Energy Company Profile
Kosmos Energy Ltd. explores and produces oil and gas in Africa and South America. Its portfolio of badets includes production projects and other development projects off Ghana and Equatorial Guinea; and the exploration potential off Mauritania and Senegal, as well as exploration licenses off the coast of Ivory Coast, Equatorial Guinea, Morocco, Sao Tome and Principe. -and-Principle and Suriname.
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