Kosmos Energy Ltd (NYSE: KOS)’s stock price has gone rise by 0.34 in comparison to its previous close of 5.89, however, the company has experienced a -2.96% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-05-07 that Kosmos Energy Ltd. (NYSE:KOS ) Q1 2024 Earnings Conference Call May 7, 2024 11:00 AM ET Company Participants Jamie Buckland – Vice President, Investor Relations Andy Inglis – Chairman & Chief Executive Officer Neal Shah – Chief Financial Officer Conference Call Participants David Round – Stifel Charles Meade – Johnson Rice Bob Brackett – Bernstein Research Matthew Smith – Bank of America Mark Wilson – Jefferies Neil Mehta – Goldman Sachs Subash Chandra – The Benchmark Company Operator Ladies and gentlemen, good morning, and welcome to the Kosmos Energy First Quarter 2024 Earnings Conference Call.
Is It Worth Investing in Kosmos Energy Ltd (NYSE: KOS) Right Now?
Kosmos Energy Ltd (NYSE: KOS) has a higher price-to-earnings ratio of 12.83x compared to its average ratio. KOS has 36-month beta value of 2.39. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for KOS is 460.23M, and currently, short sellers hold a 8.38% ratio of that float. The average trading volume of KOS on May 20, 2024 was 8.27M shares.
KOS’s Market Performance
The stock of Kosmos Energy Ltd (KOS) has seen a -2.96% decrease in the past week, with a -2.48% drop in the past month, and a -0.84% fall in the past quarter. The volatility ratio for the week is 2.72%, and the volatility levels for the past 30 days are at 3.13% for KOS. . The simple moving average for the past 20 days is 0.01% for KOS’s stock, with a -10.38% simple moving average for the past 200 days.
Analysts’ Opinion of KOS
Many brokerage firms have already submitted their reports for KOS stocks, with Stifel repeating the rating for KOS by listing it as a “Buy.” The predicted price for KOS in the upcoming period, according to Stifel is $10 based on the research report published on November 20, 2023 of the previous year 2023.
Bernstein, on the other hand, stated in their research note that they expect to see KOS reach a price target of $9, previously predicting the price at $12. The rating they have provided for KOS stocks is “Mkt Perform” according to the report published on October 17th, 2023.
BofA Securities gave a rating of “Buy” to KOS, setting the target price at $10 in the report published on September 27th of the previous year.
KOS Trading at 0.23% from the 50-Day Moving Average
After a stumble in the market that brought KOS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.62% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares sank -1.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.04% upper at present.
During the last 5 trading sessions, KOS fell by -2.96%, which changed the moving average for the period of 200-days by -16.53% in comparison to the 20-day moving average, which settled at $5.91. In addition, Kosmos Energy Ltd saw -11.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KOS starting from INGLIS ANDREW G, who sale 177,430 shares at the price of $5.66 back on Feb 06 ’24. After this action, INGLIS ANDREW G now owns 3,376,816 shares of Kosmos Energy Ltd, valued at $1,003,917 using the latest closing price.
Ball Christopher James, the SVP, Chief Commercial Officer of Kosmos Energy Ltd, sale 121,915 shares at $5.66 during a trade that took place back on Feb 06 ’24, which means that Ball Christopher James is holding 1,409,244 shares at $689,807 based on the most recent closing price.
Stock Fundamentals for KOS
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.51 for the gross margin
The net margin for Kosmos Energy Ltd stands at 0.13. The total capital return value is set at 0.09. Equity return is now at value 22.86, with 4.42 for asset returns.
Based on Kosmos Energy Ltd (KOS), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 2.48. The interest coverage ratio of the stock is 4.39.
Currently, EBITDA for the company is 1.17 billion with net debt to EBITDA at 2.05. When we switch over and look at the enterprise to sales, we see a ratio of 3.0. The receivables turnover for the company is 14.18for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
To put it simply, Kosmos Energy Ltd (KOS) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
