Kosmos Energy Ltd (KOS) was Upgraded by RBC Capital Mkts to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 9 from a previous price target of $6 . Earlier the firm had a rating of “Sector Perform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Aug 31, 2016.
On the company’s financial health, Kosmos Energy Ltd reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.13. The company had revenue of $45676.00 million for the quarter, compared to analysts expectations of $72.45 million. The company’s revenue was up 37397.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.20 EPS.
Kosmos Energy Ltd opened for trading at $5.92 and hit $6.02 on the upside on Monday, eventually ending the session at $6, with a gain of 0.84% or 0.05 points. The heightened volatility saw the trading volume jump to 8,76,560 shares. Company has a market cap of $2,319 M.
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.