In today’s recent session, 1.24 million shares of the Kosmos Energy Ltd (NYSE:KOS) have been traded, and its beta is 2.42. Most recently the company’s share price was $4.36, and it changed around -$0.04 or -0.80% from the last close, which brings the market valuation of the company to $2.06B. KOS at last check was trading at a discount to its 52-week high of $7.82, offering almost -79.36% off that amount. The share price’s 52-week low was $3.69, which indicates that the recent value has risen by an impressive 15.37% since then. We note from Kosmos Energy Ltd’s average daily trading volume that its 10-day average is 9.41 million shares, with the 3-month average coming to 6.56 million.
Kosmos Energy Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. 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 is expected to report earnings per share of 0.09 for the current quarter.
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Kosmos Energy Ltd (NYSE:KOS) trade information
Instantly KOS has been showing red trend so far today with a performance of -0.80% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.68 on recent trading dayincreased the stock’s daily price by 6.84%. The company’s shares are currently down -34.95% year-to-date, but still up 2.22% over the last five days. On the other hand, Kosmos Energy Ltd (NYSE:KOS) is 15.17% up in the 30-day period. We can see from the shorts that 43.78 million shares have been sold at a short interest cover period of 7.14 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 60.36% 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 -30.93 percent over the past six months and at a -41.77% annual growth rate that is well below the industry average of -4.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -65.40% in revenue this quarter, and will report a decrease of -58.30% in the next quarter. The year-over-year growth rate is expected to be 32.60%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 423.2M in revenue for the current quarter. 3 analysts expect Kosmos Energy Ltd to make 448.36M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 526.35M and 400.92M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -19.60%. Forecasts for the next quarter put sales growth at 11.80%.
Kosmos Energy Ltd earnings are expected to increase by -26.34% 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 on 2024-Nov-04.
Kosmos Energy Ltd (NYSE:KOS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.11% of Kosmos Energy Ltd shares, and 98.65% of them are in the hands of institutional investors. The stock currently has a share float of 100.78%. Kosmos Energy Ltd stock is held by 376.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 10.1315% of the shares, which is about 47.42 million shares worth $262.71 million.
FMR LLC, with 8.3099% or 38.89 million shares worth $215.47 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
GMO Resources Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of May 31, 2024. The former held 20.25 shares worth $88.38 million, making up 4.29% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 12.49 shares worth around $54.53 million, which represents about 2.65% of the total shares outstanding.
