Kosmos Energy Ltd (KOS) Releases Earnings Results, Beats Expectations By $0.03 EPS

Kosmos Energy Ltd (KOS) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $-0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $-0.07. The company posted revenue of $62.10 million in the period, compared to analysts expectations of $121.54 million. The company’s revenue was down -53.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.21 EPS.

Many Wall Street Analysts have commented on Kosmos Energy Ltd. Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Buy” and Lowered the Price Target to $ 12 from a previous price target of $15 .Shares were Reiterated by RBC Capital Mkts on Feb 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 6 from a previous price target of $6.50 .

Kosmos Energy Ltd closed down -0.14 points or -2.56% at $5.32 with 13,65,104 shares getting traded on Friday. Post opening the session at $5.38, the shares hit an intraday low of $5.29 and an intraday high of $5.545 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 28, 2015, Paul Nobel (Senior VP, CAO) sold 2,997 shares at $6.95 per share price. According to the SEC, on Aug 10, 2015, Thomas P Chambers (CFO) purchased 17,000 shares at $6.97 per share price. On Aug 6, 2015, Jason Doughty (GC & SVP, Legal, HR and Admin.) purchased 14,755 shares at $6.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Kosmos Energy Ltd. (Kosmos) is a holding independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company’s operations are conducted through its wholly owned subsidiary Kosmos Energy LLC. The Company’s assets include existing production and other development projects offshore Ghana as well as exploration licenses with hydrocarbon potential offshore Ireland Mauritania Morocco (including Western Sahara) Senegal and Suriname. The Company has operations in Africa Europe South America and Ghana. Its discoveries in Ghana include Jubilee Field TEN Mahogany Teak Akasa and Wawa. The company’s other properties include Ireland Mauritania Morocco Senegal and Suriname.

Kosmos Energy Ltd

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