Kosmos Energy Ltd. (NYSE:KOS) has been upgraded by Bernstein, which now rates the stock as Outperform versus Mkt Perform prior rating , according to a note issued on January 04. Analysts at Exane BNP Paribas, shed their positive views on December 10 by lowering it fromOutperform to Neutral. The stock won favor of Goldman analysts who expressed their confidence in it using an upgrade from Neutral to Buy on November 06. Berenberg, released new analyst coverage on November 01, calling the stock is Buy.
Kosmos Energy Ltd. (KOS) hit an intraday high Tuesday at $5.56. The shares finished at $5.48, after trading as low as $5.34 earlier in the session. It rose 3.98% in recent trade and currently has a stock-market value of $2.38B. Trading activity significantly improved as the volume at ready counter increased to 3,714,423 shares versus 2,919,125 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,473,631 shares. The stock is now 55.24% above against its bear-market low of $3.53 on December 26, 2018. It has retreated -77.92% since it’s 52-week high of $9.75 reached in October. Now the market price is down -0.54% on the year and up 34.64% YTD.
KOS’s 50 day simple moving average (SMA 50) price is $4.77 and its 200-day simple moving average (SMA 200) price is $7.04. The company’s stock currently has a total float of 297.4M shares. Its weekly volatility is hovering around 4.16% and felt 4.25% volatility in price over a month. On the upside, the share price will test short term resistance at around $5.58. On a downside, the stock is likely to find some support, which begins at $5.36. The failure to get near-term support could push it to $5.24.
Separately, it has been reported that multiple insider activity took place at Kosmos Energy Ltd. (KOS). Director Krieger David Benjamin sold 52,250,000 shares for $33,574,222 in transaction occurred on 2018/11/26. After making this transaction, the Director owns a direct stake of 282,000,000 shares, worth $184,000,000, as per the last closing price. On 2018/11/26 Warburg Pincus & Co., Director, 10% Owner at KOS, dumped 155,000,000 shares at an average price of $5.4 per share. The selling total is valued at $456,000,000.
Director, Krieger David Benjamin had divested 5,684,429 shares for $85,824,222 through a trade on 2018/09/19. Following this activity, the insider holds 50,818,795 shares worth $470,000,000 as of recent close. Wall Street’s most bullish Kosmos Energy Ltd. (NYSE:KOS) analysts are predicting the share price to blow past $10 per share during the next 12 months. The current median share price forecast by them is $8, suggesting that the stock could increase 45.99% in that time frame. The average price target of $7.96 calls for a nearly 45.26% increase in the stock price.
Moreover, it trades for 195.71 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.37x price/book and 3.08x price/sales. Compared to others, Kosmos Energy Ltd. is in a different league with regards to profitability, having net margins of -52%. To put some perspective around this, the industry’s average net margin is -0.71%. KOS’s ROE is -47%, which is also considerably worse than the industry’s ROE of -0.28%. It’s also very liquid in the near term, with a current ratio of 1. The stock has a debt/capital of 2.24.
Shares of Kosmos Energy Ltd. (KOS) have dropped -18.9% since the company’s last earnings report. Over the past 12 fiscal quarters, Kosmos Energy Ltd. (NYSE:KOS) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 4 quarters (33%), whereas at 1 occasion EPS met analyst expectations. KOS last reported earnings on November 05, 2018 when it released Sep-18 results that receded expectations. The company raked in -$0.23 per share, -82.03% change on the same period last year. That was worse than consensus for -$0.23. Revenue for the recent quarter stood at $250.22 million, up 65% on last year and above the $246.21 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $260.6 million to $402.8 million, which should be compared with $223.83 million generated last year. EPS is seen in a range of -$0.08 to $0.08, against the -$0.02 reported a year ago.