Kosmos Energy (KOS) Earning Somewhat Positive Press Coverage, Study Finds

Headlines about Kosmos Energy (NYSE:KOS) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kosmos Energy earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 46.5018657025574 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

KOS has been the subject of several research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $9.00 price target on shares of Kosmos Energy in a research report on Friday, August 4th. BidaskClub lowered shares of Kosmos Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Citigroup Inc. reduced their price target on shares of Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Zacks Investment Research lowered shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Finally, Macquarie initiated coverage on shares of Kosmos Energy in a research report on Monday, August 7th. They set an “outperform” rating and a $10.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.50.

Shares of Kosmos Energy (KOS) opened at 7.34 on Friday. Kosmos Energy has a 52-week low of $4.39 and a 52-week high of $7.90. The stock’s 50 day moving average is $6.90 and its 200 day moving average is $6.43. The stock’s market cap is $2.85 billion.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The firm had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue was up 220.6% compared to the same quarter last year. On average, equities analysts predict that Kosmos Energy will post ($0.26) EPS for the current fiscal year.

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About Kosmos Energy

Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.

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