The trading price of Kosmos Energy Ltd. (NYSE:KOS) floating higher at last check on Tuesday, Feb 23, closing at $2.82, 1.77% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.6300 and $2.9500. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 3.87. In examining the 52-week price action we see that the stock hit a 52-week high of $4.79 and a 52-week low of $0.5. Over the past month, the stock has gained 10.59% in value.
Kosmos Energy Ltd., whose market valuation is $1.13 Billion at the time of this writing, is expected to release its quarterly earnings report May 10, 2021- May 14, 2021. The dividend yield on the company stock is 6.38, while its Forward Dividend ratio is 0.18. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.09 per share this quarter, however they have predicted annual earnings per share of -$0.12 for 2021 and $0.04 for 2022. It means analysts are expecting annual earnings per share growth of -0.81% this year and -1.33% next year.
Analysts have forecast the company to bring in revenue of $290.12 Million for the quarter, with the likely lows of $290.12 Million and highs of $290.12 Million. The average estimate suggests sales will likely up by 63.2% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $1.08 Billion. The company’s revenue is forecast to grow by +20.7% over what it did in 2020.
On the technical side, indicators suggest KOS has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned KOS a recommendation rating is 12. Out of them, 8 rate it a Hold, while 4 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Kosmos Energy Ltd. (KOS) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that KOs price is currently 8.3% off the SMA20 and 12.08% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.33, and weekly volatility stands at 6.81%. When measured over the past 30 days, the indicator reaches 7.82%. Kosmos Energy Ltd. (NYSE:KOS)’s beta value is currently sitting at 3.87, while the Average True Range indicator is currently displaying 0.2. With analysts defining $1.5-$4.5 as the low and high price targets, we arrive at a consensus price target of $3.05 for the trailing 12-month period. The current price is about -47.74% off the estimated low and 56.79% off the forecast high, based on this estimate. Investors will be thrilled if KOs share price rises to $3.05, which is the median consensus price. At that level, KOs share price would be +6.27% above current price.
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To see how Kosmos Energy Ltd. stock has been performing today in comparison to its peers in the industry, here are the numbers: KOS stock’s performance was +1.77% at last check in today’s session, and -43.26% in the past year, while Vermilion Energy Inc (VET) has been trading -5.61% in recent session and positioned -56.45% lower than it was a year ago. Another comparable company Vaalco Energy Inc (EGY) saw its stock trading -0.97% lower in today’s session but was up +46.92% in a year. Furthermore, 2nd Resistance Point (3rd Resistance Point) showed an increase of 1.77% today while its price kept declining at -43.26% over the past year. Kosmos Energy Ltd. has a P/E ratio of 0, compared to Vermilion Energy Inc’s 0 and Vaalco Energy Inc’s 0. Also during today’s trading, the S&P 500 Index has soared -0.93%, while the Dow Jones Industrial also saw a negative seesion, down -0.54% today.
Currently, records show that 405.46 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 5.18% of outstanding shares, whereas institutions hold 86.71%. The stats also highlight that short interest as of January 28, 2021, stood at 24.48 Million shares, resulting in a short ratio of 3.24 at that time. From this, we can conclude that short interest is 6.04% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 27.01 Million. However, since the stock’s price has seen +20% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.