Kosmos Energy Ltd (NYSE: KOS): Stock Forecast For 2024 Still Looks Weak With A -88.68% Decline

In the last trading session, 3.82 million shares of the Kosmos Energy Ltd (NYSE:KOS) were traded, and its beta was 2.37. Most recently the company’s share price was $5.83, and it changed around -$0.04 or -0.68% from the last close, which brings the market valuation of the company to $2.75B. KOS currently trades at a discount to its 52-week high of $8.28, offering almost -42.02% off that amount. The share price’s 52-week low was $5.23, which indicates that the current value has risen by an impressive 10.29% since then. We note from Kosmos Energy Ltd’s average daily trading volume that its 3-month average coming to 8.13 million.

Kosmos Energy Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.36. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended KOS as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight.

Kosmos Energy Ltd (NYSE:KOS) trade information

Instantly KOS has showed a red trend with a performance of -0.68% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -13.11% year-to-date, but still down -4.27% over the last five days. On the other hand, Kosmos Energy Ltd (NYSE:KOS) is 0.34% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 47.0% from its current value. Analyst projections state that KOS is forecast to be at a low of $11 and a high of $11.

Kosmos Energy Ltd (KOS) estimates and forecasts

Kosmos Energy Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -19.70 percent over the past six months and at a -5.06% annual growth rate that is well below the industry average of -4.60%.

Kosmos Energy Ltd earnings are expected to increase by -2.28% in 2024, but the outlook is positive 23.80% per year for the next five years.

KOS Dividends

Kosmos Energy Ltd’s next quarterly earnings report is expected to be released in May.