Why To Invest In Kosmos Energy Ltd (NYSE: KOS) Stock?

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In the last trading session, 1.55 million Kosmos Energy Ltd (NYSE:KOS) shares changed hands as the company’s beta touched 2.42. With the company’s per share price at $4.35 changed hands at $0.09 or 2.11% during last session, the market valuation stood at $2.05B. KOS’s last price was a discount, traded about -89.2% off its 52-week high of $8.23. The share price had its 52-week low at $3.69, which suggests the last value was 15.17% up since then. When we look at Kosmos Energy Ltd’s average trading volume, we note the 10-day average is 9.0 million shares, with the 3-month average coming to 6.25 million.

Analysts gave the Kosmos Energy Ltd (KOS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended KOS as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Kosmos Energy Ltd’s EPS for the current quarter is expected to be 0.08.

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Kosmos Energy Ltd (NYSE:KOS) trade information

Instantly KOS was in green as seen at the end of in last trading. With action 10.13%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -35.17%, with the 5-day performance at 10.13% in the green. However, in the 30-day time frame, Kosmos Energy Ltd (NYSE:KOS) is -3.76% down. Looking at the short shares, we see there were 43.78 million shares sold at short interest cover period of 7.14 days.

The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 60.45% from its current market value. According to analyst projections, KOS’s forecast low is 11 with 11 as the target high. To hit the forecast high, the stock’s price needs a -152.87% plunge from its current level, while the stock would need to soar -152.87% for it to hit the projected low.

Kosmos Energy Ltd (KOS) estimates and forecasts

Data shows that the Kosmos Energy Ltd share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -25.13% over the past 6 months, a -41.77% in annual growth rate that is considerably lower than the industry average of -4.50%. Year-over-year growth is forecast to reach 33.20% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 405.27M. 3 analysts are of the opinion that Kosmos Energy Ltd’s revenue for the current quarter will be 487.12M. The company’s revenue for the corresponding quarters a year ago was 526.35M and 400.92M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -23.00%. The estimates for the next quarter sales put growth at 21.50%.

The 2024 estimates are for Kosmos Energy Ltd earnings to decrease by -7.66%, but the outlook for the next 5-year period is at 23.80% per year.

KOS Dividends

Kosmos Energy Ltd is expected to release its next quarterly earnings report on 2024-Oct-04.

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

If we look at who the major shareholders are, we find that insiders hold 2.11% of Kosmos Energy Ltd shares while 98.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 100.42%. There are 98.29% institutions holding the Kosmos Energy Ltd stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 10.1315% of the shares, roughly 47.42 million KOS shares worth $262.71 million.

FMR LLC holds the second largest percentage of outstanding shares, with 8.3099% or 38.89 million shares worth $215.47 million as of 2024-06-30.