The stock of Kosmos Energy Ltd. (NYSE:KOS) decreased by -$0.1 on Monday to finish at $7.37, down -1.34 percent. The last five days have seen an average of 5,570,420 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $1.01. The average number of shares traded over the last 20 days was 5,427,290, while the average volume over the last 50 days totaled 5,616,698.
KOS stock appreciated 17.54% since last month. On 07/18/23, the company’s shares reached a one-month low of $6.22. The stock touched a high of $8.55 on 02/27/23, after rallying from a low of $4.64 in 52 weeks. The price of KOS stock has risen by 15.88% or $1.01 this year, reaching a new high 11 times. Still, the stock price is down -13.80% from the 52-week high.
Insider Transactions
KOS stock investors should be aware that Kosmos Energy Ltd. (KOS) stock had its last reported insider trading activity 67 days ago on Jun 09. On Jun 09, Director GOODWIN DEANNA L sold 112,000 shares at $6.69 each. This transaction resulted in the insider making $749,280. On Jun 09, Franklin Roy A. sold 8,000 shares at a price of US$6.80. After the transaction, the insider now owns 68,870 shares. Director Dearlove Sir Richard Billing had earlier sold 147,000 shares on Nov 10 for $6.65 a share. The transaction was completed for $977,771.
Valuation Metrics
Kosmos Energy Ltd. (KOS) has a trailing price-to-earnings (P/E) ratio of 16.83. Beta for the stock is 2.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.05, the price-to-book (PB) ratio of 3.74.
Company paid $0.0452 per share in dividends, an increase of 0.44% from $0.0450 last year.
Financial Health
For the three months ended June 29, Kosmos Energy Ltd.’s quick ratio was 0.40, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.61, and the total debt to equity ratio is 2.63. As far as profitability goes, gross margin for the trailing twelve months is 79.40% percent. Kosmos Energy Ltd.’s EBITDA margin for the year ended June 29 was 71.42%, whereas its operating margin stood at 16.90% for the same period. Based on annual data, it had gross profit of $1.16 billion and revenue of $2.3 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KOS’s return on assets (ROA) during the last 12 months has been 4.50%. There was a 18.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 24.90%.
Earnings Surprise
According to Kosmos Energy Ltd.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $273.26 million, while revenues fell by -141.17% to $509.92 million. It was predicted that Kosmos Energy Ltd.’s quarterly earnings would be $0.06, but it ended up being $0.09, beating the consensus by -33.30%. EBITDA was $177.81 million for the quarter. At the end of Kosmos Energy Ltd.’s most recent quarter ended June 29, its liabilities totaled 3.9 billion, while its total debt was $2.37 billion. Equity owned by shareholders amounts to $460.11 million.
Technical Picture
Here’s a quick look at Kosmos Energy Ltd.’s (KOS) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 64.88%, suggesting the stock is Neutral, with a 21.91% historical volatility rate.
The stochastic %K and %D were 86.01% and 86.45% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 82.67%, the RSI (14) reading is 64.76%. On the 9-day MACD Oscillator, the stock is at 0.09, and the 14-day reading is at 0.20.
Analyst Ratings
In its analyst report released on July 20, 2023, Redburn began covering Kosmos Energy Ltd. (NYSE: KOS). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Kosmos Energy Ltd. (KOS) an Buy rating. KOS is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 8 others recommend it as a buy.
What is KOS’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.00 and $13.00, with a median target price of $9.09. In analyzing these forecasts, the average price target given by analysts for Kosmos Energy Ltd. (KOS) is $9.73.
