Kosmos Energy Ltd (KOS) Has A Bright Growth Prospects For 2024

Kosmos Energy Ltd (NYSE:KOS) has a beta value of 2.43 and has seen 2.5 million shares traded in the recent trading session. The company, currently valued at $1.90B, closed the recent trade at $4.03 per share which meant it lost -$0.24 on the day or -5.74% during that session. The KOS stock price is -93.55% off its 52-week high price of $7.80 and 8.44% above the 52-week low of $3.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.38 million shares traded. The 3-month trading volume is 6.71 million shares.

The consensus among analysts is that Kosmos Energy Ltd (KOS) is Buy stock at the moment, with a recommendation rating of 1.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.09.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Kosmos Energy Ltd (NYSE:KOS) trade information

Sporting -5.74% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the KOS stock price touched $4.03 or saw a rise of 11.82%. Year-to-date, Kosmos Energy Ltd shares have moved -40.01%, while the 5-day performance has seen it change -8.52%. Over the past 30 days, the shares of Kosmos Energy Ltd (NYSE:KOS) have changed -4.39%. Short interest in the company has seen 46.49 million shares shorted with days to cover at 6.14.

Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 49.62% from the levels at last check today. The projected low price target is $5.0 while the price target rests at a high of $11.0. In that case, then, we find that the latest price level in today’s session is -172.95% off the targeted high while a plunge would see the stock gain -24.07% from the levels at last check today.

Kosmos Energy Ltd (KOS) estimates and forecasts

Figures show that Kosmos Energy Ltd shares have underperformed across the wider relevant industry. The company’s shares have lost -33.91% over the past 6 months, with this year growth rate of -41.77%, compared to -5.10% for the industry. Revenue growth from the last financial year stood is estimated to be 32.50%.

3 analysts offering their estimates for the company have set an average revenue estimate of 417.2M for the current quarter. 3 have an estimated revenue figure of 448.36M for the next ending quarter. Year-ago sales stood 526.35M and 400.92M respectively for this quarter and the next, and analysts expect sales will shrink by -20.70% for the current quarter and 32.50% for the next.

Earnings growth for 2024 is a modest -26.34% while over the next 5 years, the company’s earnings are expected to increase by 23.80%.

KOS Dividends

Kosmos Energy Ltd is expected to release its next earnings report on 2024-Nov-04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Kosmos Energy Ltd (NYSE:KOS)’s Major holders

Insiders own 2.11% of the company shares, while shares held by institutions stand at 98.65% with a share float percentage of 100.78%. Investors are also buoyed by the number of investors in a company, with Kosmos Energy Ltd having a total of 378.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 47.42 million shares worth more than $262.71 million. As of 2024-06-30, BLACKROCK INC. held 10.1315% of shares outstanding.

The other major institutional holder is FMR LLC, with the holding of over 38.89 million shares as of 2024-06-30. The firm’s total holdings are worth over $215.47 million and represent 8.3099% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are GMO Resources Fund and iShares Russell 2000 ETF. As of May 31, 2024, the former fund manager holds about 4.29% shares in the company for having 20.25 shares of worth $81.09 million while later fund manager owns 12.49 shares of worth $50.03 million as of Aug 31, 2024, which makes it owner of about 2.65% of company’s outstanding stock.