Kosmos Energy Ltd (NYSE:KOS) shares, rose in value, with the stock price down by -1.84% to the previous day’s close as strong demand from buyers drove the stock to $5.87.
Actively observing the price movement in the last trading, the stock closed the session at $5.98. The value of beta (5-year monthly) was 2.39 whereas the PE ratio was 13.21 over 12-month period. Referring to stock’s 52-week performance, its high was $8.28, and the low was $5.23. On the whole, KOS has fluctuated by 5.01% over the past month.
With the market capitalization of Kosmos Energy Ltd currently standing at about $2.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.14, which is expected to increase to $0.2 for fiscal year $0.95 and then to about $1.03 by fiscal year 2025. Data indicates that the EPS growth is expected to be 20.30% in 2025, while the next year’s EPS growth is forecast to be 8.40%.
Analysts have estimated the company’s revenue for the quarter at $415.1 million, with a low estimate of $413.56 million and a high estimate of $416.65 million. According to the average forecast, sales growth in current quarter could jump down -5.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.01 billion, representing an increase of 18.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that KOS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.55, with the price of KOS currently trading nearly 1.62% and 0.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.51, while the 7-day volatility ratio is showing 4.23% which for the 30-day chart, stands at 4.03%. Furthermore, Kosmos Energy Ltd (KOS)’s beta value is 2.38, and its average true range (ATR) is 0.25.
A comparison of Kosmos Energy Ltd (KOS) with its peers suggests the former has fared considerably weaker in the market. KOS showed an intraday change of -1.84% in last session, and over the past year, it shrunk by -24.55%%.
Data on historical trading for Kosmos Energy Ltd (NYSE:KOS) indicates that the trading volumes over the past 10 days have averaged 8.3 million and over the past 3 months, they’ve averaged 7.60 million. According to company’s latest data on outstanding shares, there are 471.50 million shares outstanding.
Nearly 2.26% of Kosmos Energy Ltd’s shares belong to company insiders and institutional investors own 94.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 35.52 million shares as on Mar 15, 2024, resulting in a short ratio of 3.81. According to the data, the short interest in Kosmos Energy Ltd (KOS) stood at 7.53% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 25.86 million. The stock has fallen by -12.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KOS stock heading into the next quarter.
