Stocks Roundup: Kosmos Energy Ltd. (NYSE:KOS)


Kosmos Energy Ltd. (NYSE:KOS) added 14.47% and closed its last session at $5.3. The stock has the market capitalization of $2.05 Billion with the total outstanding shares of 386.69 Million. Kosmos Energy Ltd.. has Analysts’ Mean Recommendation of 2.17 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 0.

Kosmos Energy Ltd. (NYSE:KOS) touched its 52-Week High of $7.17 on Dec 3, 2015 while it’s 52-Week Low of $3.17 on Jan 20, 2016. The company currently has Return on Assets of -6.2 percent, Return on Equity of -16.5% and Return on Investment of -12.3 percent. The stock currently showing Weekly Volatility of 5.66%% and Monthly Volatility of 5.09% Percent with Average True Range of 0.3 and Beta of 1.65.

The 12 analysts offering 12-month price forecasts for Kosmos Energy Ltd have a median target of 7.25, with a high estimate of 12.00 and a low estimate of 6.00. The median estimate represents a +36.79% increase from the last price of 5.30.

Press Release:

The Company on 7 November declared financial and operating results for the third quarter of 2016. For the third quarter of 2016, the Company generated a net loss of $59.8 million, or $0.15 per diluted share as compared to net income of $60.3 million or $0.15 per share in the same period last year. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $36.5 million or $0.09 per diluted share for the third quarter of 2016.

Third quarter 2016 oil revenues were $47 million versus $97 million in the same quarter of 2015, on sales of 0.9 million barrels of oil for 2016 as compared to 1.9 million barrels in 2015. Third quarter 2016 oil revenues exclude $45 million of derivative settlements. Realized oil revenues, including the impact of the Company’s hedging program, were $96.49 per barrel of oil sold in the third quarter of 2016 compared to $85.09 per barrel of oil sold in the year-ago quarter. At the end of the quarter, the Company was in a net underlift position of approximately 1.0 million barrels of oil.

Other income during the quarter was $20 million, which is the first payment for loss of production income (LOPI) insurance coverage associated with the Jubilee turret bearing issue.

Production expense for the current quarter was $14 million, or $14.33 per barrel, versus $23 million, or $12.52 per barrel, in the third quarter of 2015. The decrease in total production expense was primarily attributable to selling one cargo during the third quarter 2016 as compared to two cargos sold in 2015. The increase on a per barrel basis was impacted by the additional operating costs related to the turret bearing issue.

Company Profile:

Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda.