最新ニュース Kosmos Energy (NYSE:KOS) 株価情報

Kosmos Energy

Kosmos Energy Ltd is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The company focuses on field developments designed to accelerate production. Kosmos' exploration is tied to a geologically based approach geared toward the identification of petroleum systems. Its process starts with geologic studies that assess a region's subsurface but also incorporates basin modeling as well as techniques to identify reservoir/seal pair development and trap definition. In addition, a 3D seismic analysis is done to identify prospective traps of interest. In tandem with the subsurface analysis, a country-specific analysis is done to get an understanding of above-ground dynamics before targeting specific licenses.

Kosmos Energy Ltd

KOSE Corp

METAWELLS OIL & GAS INC by Metawells Oil & Gas Inc.

Metawells Oil & Gas Inc

Koss Corp

KOSE R.E. CO LTD by KOSE R.E. CO LTD

KOSHIDAKA CO by Koshidaka Co Ltd, Maebashi

Koshidaka Holdings Co Ltd

KOSSAN RUBBER IND ORD by Kossan Rubber Industries Inc.

Kossan Rubber Industries Bhd

WIIM

Kosmos Energy shares are trading higher after the company announced the start of its West Africa GTA LNG gas production project

Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) shares are trading higher premarket on Thursday. The company disclosed the start of <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42758754/kosmos-energy-announces-first-gas-at-the-greater-tortue-ahmeyim-lng-project-in-mauritania-and-sene" rel="noreferrer noopener">gas production at the Greater Tortue </a>Ahmeyim LNG project offshore Mauritania and Senegal, operated by BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>).
Gas from Phase 1 began flowing to the FPSO vessel on December 31, 2024, with liquefaction at the floating LNG vessel set to follow.
Phase 1 is expected to produce 2.3 million tonnes of LNG annually, with a vessel nameplate capacity of 2.7 mtpa.
The achievement of first gas marks a significant milestone for the partnership and the governments of Mauritania and Senegal, advancing their goal of becoming a key LNG production hub in West Africa.
The first LNG production is anticipated soon. The initial cargo is expected in the first quarter of 2025, at which point revenue recognition for the project will commence.
Chairman and Chief Executive Officer Andrew G. Inglis said, &#8220;Achieving first gas sets the stage for us to ramp up production and reach the ~90,000 boepd production target we set two years ago. With our key growth projects largely delivered and capex falling, Kosmos is well positioned going into 2025.&#8221;
&#8221;The company remains focused on disciplined capital allocation and the generation of free cash flow that enables us to pay down debt, reduce leverage to less than 1.5x, and enhance the financial resilience of the company.&#8220;
Following the end of the third quarter, the company stated that Equatorial Guinea achieved the startup of its first infill well, increasing gross production to approximately<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41705712/kosmos-energy-announces-third-quarter-2024-results" rel="noreferrer noopener"> 30,000 barrels of oil per day (bopd)</a>.
Investors can gain exposure to the stock via&nbsp;Clough Select Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBSE#NYSE">CBSE</a>) and Acquirers Deep Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEEP#NYSE">DEEP</a>).
Price Action: KOS shares are up 3.22% at $3.53 premarket at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41575181/crude-oil-faces-steepest-one-day-drop-in-over-two-years-energy-stocks-plunge-prices" target="_blank" rel="noreferrer noopener">Crude Oil Faces Steepest One-Day Drop In Over Two Years, Energy Stocks Plunge: Prices &#8216;Are Likely To Remain Under Pressure,&#8217; Analyst Says</a></li>
</ul>
Photo via Shutterstock.

Equities

News

Small Cap

Movers

Changebridge Capital Sustainable Equity ETF

CBSE

DEEP

Kosmos Energy Ignites First Gas At West Africa LNG Project: Details

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.kosmosenergy.com%2F&amp;esheet=54171968&amp;newsitemid=20250101619906&amp;lan=en-US&amp;anchor=Kosmos+Energy&amp;index=1&amp;md5=17f1820dbc099f05303a4067e4f53c64">Kosmos Energy</a> (NYSE/LSE: KOS) notes the announcement today from bp plc (operator) that first gas production has been achieved at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project offshore Mauritania and Senegal.
On December 31, 2024, gas from the first phase of GTA started to flow from wells to the floating production storage and offloading (FPSO) vessel ahead of delivery to the floating LNG vessel for liquefaction. Once fully commissioned, GTA Phase 1 is expected to produce around 2.3 million tonnes of LNG per annum (mtpa) with the floating LNG vessel nameplate capacity of approximately 2.7 mtpa.
First gas is a key milestone for the partnership and the governments of Mauritania and Senegal and an important step for the countries to become a strategic LNG production hub in West Africa. First LNG production is expected to follow shortly with the first LNG cargo expected in the first quarter of 2025, which is when we start to recognize revenue from the project.

Kosmos Energy Announces First Gas Production at West Africa's GTA LNG Project

In the last three months, 6 analysts have published ratings on Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $5.93, with a high estimate of $8.00 and a low estimate of $4.00. This current average has decreased by 13.18% from the previous average price target of $6.83. 
<img src="https://www.benzinga.com/files/images/story/2024/1734526823_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of Kosmos Energy's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Wilson</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$5.60</td>
<td>-</td>
</tr>
<tr>
<td>William Janela</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$4.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Bob Brackett</td>
<td>Bernstein</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$4.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$8.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Matthew Smith</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$7.00</td>
<td>$8.15</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Kosmos Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Kosmos Energy compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Kosmos Energy's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Kosmos Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/KOS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kosmos Energy analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Kosmos Energy</h2>
Kosmos Energy Ltd is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The company focuses on field developments designed to accelerate production. Kosmos' exploration is tied to a geologically based approach geared toward the identification of petroleum systems. Its process starts with geologic studies that assess a region's subsurface but also incorporates basin modeling as well as techniques to identify reservoir/seal pair development and trap definition. In addition, a 3D seismic analysis is done to identify prospective traps of interest. In tandem with the subsurface analysis, a country-specific analysis is done to get an understanding of above-ground dynamics before targeting specific licenses.
<h3>Kosmos Energy's Financial Performance</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Kosmos Energy's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -22.52%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Kosmos Energy's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 11.03%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Kosmos Energy's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.85%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.83%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.25, caution is advised due to increased financial risk.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Where Kosmos Energy Stands With Analysts

Jefferies analyst Mark Wilson reinstates Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) with a Buy and announces $5.6 price target.

Price Target

Initiation

Jefferies Reinstates Buy on Kosmos Energy, Announces $5.6 Price Target

Kosmos Energy shares are trading higher. The company announced it does not intend to make an offer for Tullow Oil.

TUWOY

Kosmos Energy Now Confirms That It Does Not Intend To Make A Firm Offer For Tullow Oil At This Time

Kosmos Energy shares are trading lower after Mizuho cut its price target on the stock from $5 to $4.

Mizuho analyst William Janela maintains Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) with a Neutral and lowers the price target from $5 to $4.

Mizuho Maintains Neutral on Kosmos Energy, Lowers Price Target to $4

Kosmos Energy shares are trading lower. The company issued a statement regarding a possible all-share offer for Tullow Oil.

Kosmos Energy Ltd. ("Kosmos" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) notes today's announcement by Tullow Oil plc ("Tullow") (LSE: TLW) regarding a potential transaction involving Tullow and Kosmos and confirms that it is in very preliminary discussions with Tullow regarding a possible all-share offer by Kosmos for Tullow.
There can be no certainty that any offer will be made, nor as to the terms on which any offer might be made. Pursuant to Rule 2.5 of the Code, Kosmos reserves the right to vary the form and/or mix of the offer consideration and vary the transaction structure. A further announcement will be made as and when appropriate.

Kosmos Energy Notes Announcement By Tullow Oil Regarding A Potential Transaction Involving Tullow And Kosmos And Confirms That It Is In Very Preliminary Discussions With Tullow Regarding A Possible All-Share Offer By Kosmos For Tullow

Trading Ideas

Kosmos Energy Shares Halted To The Downside, Stock Now Down -12.3%

<a href="https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=34753093&amp;type=rns">https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=34753093&amp;type=rns</a>
The Board of Tullow notes the recent media speculation and confirms that it is in preliminary discussions with Kosmos Energy Ltd ("Kosmos") regarding a possible all-share offer by Kosmos for the Company.
&nbsp;
There can be no certainty that any offer will be made, nor as to the terms on which any such offer might be made. A further announcement will be made as and when appropriate.

Tullow Oil Issues Statement Regarding Possible Offer; Confirms That It Is In Preliminary Discussions With Kosmos Energy; In Preliminary Discussions With Kosmos For Possible All-Share Offer

CSAN

FANG

KLXE

NCSM

NINE

PUMP

RCON

Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

Bernstein analyst Bob Brackett maintains Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) with a Market Perform and lowers the price target from $5 to $4.

Bernstein Maintains Market Perform on Kosmos Energy, Lowers Price Target to $4

Throughout the last three months, 4 analysts have evaluated Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $6.75, a high estimate of $8.00, and a low estimate of $5.00. A 16.15% drop is evident in the current average compared to the previous average price target of $8.05. 
<img src="https://www.benzinga.com/files/images/story/2024/1730811624_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Kosmos Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$8.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Matthew Smith</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$7.00</td>
<td>$8.15</td>
</tr>
<tr>
<td>William Janela</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Neutral</td>
<td>$5.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Kosmos Energy. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Kosmos Energy compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Kosmos Energy's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Kosmos Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/KOS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kosmos Energy analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Kosmos Energy: A Closer Look</h2>
Kosmos Energy Ltd is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The company focuses on field developments designed to accelerate production. Kosmos' exploration is tied to a geologically based approach geared toward the identification of petroleum systems. Its process starts with geologic studies that assess a region's subsurface but also incorporates basin modeling as well as techniques to identify reservoir/seal pair development and trap definition. In addition, a 3D seismic analysis is done to identify prospective traps of interest. In tandem with the subsurface analysis, a country-specific analysis is done to get an understanding of above-ground dynamics before targeting specific licenses.
<h3>Breaking Down Kosmos Energy's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining Kosmos Energy's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 65.01% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.26%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Kosmos Energy's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.4%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Kosmos Energy's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.11%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Kosmos Energy's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.27, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 4 Analyst Evaluations For Kosmos Energy

Benchmark analyst Subash Chandra maintains Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) with a Buy and lowers the price target from $8 to $7.

Benchmark Maintains Buy on Kosmos Energy, Lowers Price Target to $7

Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) reported quarterly earnings of $0.08 per share which met the analyst consensus estimate. This is a 69.23 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $407.831 million which beat the analyst consensus estimate of $407.246 million by 0.14 percent. This is a 22.55 percent decrease over sales of $526.546 million the same period last year.

Earnings

Earnings Beats

Kosmos Energy Q3 2024 Adj. EPS $0.08, Inline, Sales $407.831M Beat $407.246M Estimate

Crude oil prices plummeted over 6% on Monday, approaching levels not seen since early October, as investors processed news of targeted <a href="https://www.benzinga.com/news/24/10/41567809/oil-etfs-plunge-premarket-after-israels-strikes-on-iran">Israeli airstrikes in Iran</a>.
U.S. energy stocks followed suit during premarket trading in New York, with sector ETFs posting sharp losses at the start of the week. 
Contracts on West Texas Intermediate (WTI) light crude, as tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), fell over 6% to around $67 per barrel on Monday morning, marking what could be the worst one-day drop since July 2022.
The sell-off followed Israeli airstrikes over the weekend that targeted military facilities in Iran but spared the country's oil infrastructure.
According to the Israel Defense Forces, the strikes were "targeted and precise," focusing on Iranian missile production and air defense installations. 
This measured response likely averted a deeper crisis in the oil market, as analysts warned that a broader assault on Iran's energy sector could have risked up to 1.7 million barrels per day (bpd) of Iranian crude exports and led to further regional destabilization. 
U.S. President Joe Biden had cautioned Israel against actions that would directly impact Iran's oil output, warning that such moves could prompt Tehran to retaliate by targeting oil shipping routes in the Middle East.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274-1024x503.png" alt="" class="wp-image-617043" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274-1024x503.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274-1536x754.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Analysts Expect Oil Prices To Remain Under Pressure</h3>
Goldman Sachs analysts had previously estimated that a sustained 1 million bpd disruption to Iranian oil supply could have pushed Brent prices up by $10–$20 per barrel. 
With no immediate threat to Iran's oil exports, the bank's forecast for Brent reaching the mid-$80s by late 2025 now appears overly optimistic compared to the consensus view.
The restrained nature of Israel's actions has led some analysts to predict that oil prices will remain subdued, especially in light of broader market dynamics. 
Warren Patterson, head of commodity strategy at ING Group, highlighted that Israel's focused response leaves "the door open for de-escalation," which seems to be reflected in Monday&#8217;s price action.
"If we do see some de-escalation, it would allow fundamentals to dictate price direction once again," Patterson explained, adding that a projected market surplus in 2025 &#8220;would mean that oil prices are&nbsp;likely to remain under pressure.&#8221;
Ole Hansen, head of commodity strategy at Saxo Bank, indicated that crude prices have now retraced most of the gains made in early October, which were fueled by Chinese economic stimulus and concerns over potential disruptions to Iran's supply. Hansen pointed out that "sluggish demand" and the impending reintroduction of OPEC+ barrels could further weigh on oil prices.
<h3 class="wp-block-heading">China's Declining Demand, OPEC+ Production Decisions Add To Bearish Sentiment</h3>
On the demand side, Chinese consumption—accounting for roughly 15% of global oil demand—has been trending downward since May 2024
According to Pascal Devaux, an economist at BNP Paribas, this decline is tied not only to China's economic slowdown but also to structural changes within its energy sector. "Around 45% of new car registrations in China are for electric vehicles, either battery-powered or hybrid," Devaux said, underscoring the impact of the country's low-carbon transition on oil demand.
Capital Economics forecasts that if OPEC+ follows through on its plan to unwind voluntary production cuts initiated in October, an increase in oil supply combined with weak demand growth could drive prices lower throughout the remainder of 2024 and into 2025.
<h3 class="wp-block-heading">US Energy Stocks See Sharp Losses</h3>
Sector ETFs posted notable declines in early trading:
<ul>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), which tracks large-cap U.S. energy companies, was down 2.3% at the start of Monday's session. APA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>), Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), and Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) all registered losses between 3% and 4%.</li>
</ul>
<ul>
<li>SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>), a broader measure of exploration and production stocks, slid 2.8%. Kosmos Energy Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) and Vital Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTLE#NYSE">VTLE</a>) are both down 4%.</li>
</ul>
<ul>
<li>VanEck Oil Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) dropped 1.7%. Companies like ProPetro Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>), Liberty Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>), and Noble Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>) were hit particularly hard, each falling by about 4%.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41571526/exxon-shell-warren-buffett-backed-occidental-petroleum-and-other-oil-stocks-tumble-in-premarket-afte">Exxon, Shell, Warren Buffett-Backed Occidental Petroleum And Other Oil Stocks Tumble In Premarket After Israel&#8217;s Strikes On Iran</a></li>
</ul>
Image: Shutterstock

Analyst Color

Asia

Sector ETFs

Emerging Markets

Specialty ETFs

Commodities

Global

Econ #s

ETFs

LBRT

VTLE

Crude Oil Faces Steepest One-Day Drop In Over Two Years, Energy Stocks Plunge: Prices 'Are Likely To Remain Under Pressure,' Analyst Says

DWSN

EQNR

SHEL

Shares of oil and oil-related companies are trading lower after Israel reportedly did not damage Iran's oil sites amid strikes over the weekend.

Jefferies analyst Mark Wilson initiated coverage of Kosmos (KOS) with a Buy rating and $5.60 price target following confirmation that Kosmos does n...

Kosmos reinstated with a Buy at Jefferies

Kosmos Energy: Not The Time To Buy Tullow, Catalyst Around The Corner

A rumor regarding Kosmos (KOS) Energy was highlighted in an alert sent to subscribers of Ben Harrington's M&A-focused Betaville blog, contacts tell...

Kosmos rumor highlighted in Betaville alert

Kosmos Energy gains amid takeover speculation

Kosmos Energy seesasws amid takeover speculation

Kosmos Energy ( ($KOS) ) just unveiled an update. Kosmos Energy has announced the achievement of first gas production at the Greater Tortue Ahmeyim...

Kosmos Energy Achieves First Gas at Greater Tortue Ahmeyim LNG Project

Kosmos (KOS) noted the announcement from BP (BP) that first gas production has been achieved at the Greater Tortue Ahmeyim liquefied natural gas pr...

Kosmos announces first gas production at Greater Tortue Ahmeyim LNG project

BP, Kosmos Energy start production from GTA deepwater LNG project in Africa

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.&nbsp; 1. STOCK NEWS: Tesla (TSLA) reported below-cons...

Tesla reports below-consensus deliveries: Morning Buzz

Oil opens new year with strong gains on optimism over economic rebound in China

AAPL

ABAT

AMRC

ARRY

ATUS

BABA

BIIB

BITF

BOIL

BPAQF

CALM

CLMT

CVNA

DRIP

FTCI

GASS

GEVO

GLNG

GOOG

GOOGL

GPRK

GUSH

IMPP

KNOP

KOLD

LAES

LTBR

MMLP

MNTK

MODG

NEXA

NISTF

NMRA

NOVA

NPSCY

NRGV

NVDA

PMOIF

POLA

PPIH

SDST

SEZL

SOFI

SPHR

SUUN

TSLA

TUWLF

USOI

WAVE

XPON

YGMZ

Press Releases

Kosmos Energy Announces Second Quarter 2024 Results

Kosmos Energy Ltd. Announces Cash Tender Offers for up to $400 Million Principal Amount of 7.125% Senior Notes Due 2026 and up to $100 Million Aggregate Principal Amount of 7.750% Senior Notes Due 2027 and 7.500% Senior Notes Due 2028

Kosmos Energy Announces Launch of Senior Notes Offering

Kosmos Energy Announces Pricing of $500 Million of Senior Notes Due 2031

Kosmos Energy Ltd. Announces Early Results of Cash Tender Offers for up to $400 Million Principal Amount of 7.125% Senior Notes Due 2026 and up to $100 Million Aggregate Principal Amount of 7.750% Senior Notes Due 2027 & 7.500% Senior Notes Due 2028

Kosmos Energy to Host Third Quarter 2024 Results and Webcast on November 04, 2024

Kosmos Energy Announces Third Quarter 2024 Results

Statement Regarding a Possible All-Share Offer for Tullow Oil plc by Kosmos Energy Ltd.

Kosmos Energy Statement Regarding Possible Offer for Tullow Oil plc

Kosmos Energy Announces First Gas at the Greater Tortue Ahmeyim LNG Project in Mauritania and Senegal

Black Stone Minerals, L.P. Common units representing limited partner interests

Black Stone Minerals

Civitas Resources

CNX Resources

Crescent Energy Company Class A Common Stock

Crescent Energy

Dorchester Minerals, L.P. - Common Units Representing Limited Partnership Interests

Dorchester Minerals

Gulfport Energy Corporation Common Shares

Gulfport Energy

GeoPark

Granite Ridge Resources, Inc. Common Stock

Granite Ridge Resources

HighPeak Energy

Kimbell Royalty Partners Common Units Representing Limited Partner Interests

Kimbell Royalty Partners

Magnolia Oil & Gas Corporation Class A Common Stock

Magnolia Oil & Gas

Mach Natural Resources LP Common Units representing Limited Partner Interests

Mach Natural Resources

Murphy Oil

Northern Oil & Gas

Permian Basin Royalty

Riley Exploration Permian, Inc. Common Stock

Riley Exploration Permian

Sabine Royalty

SM Energy

Sable Offshore

Sitio Royalties Corp. Class A Common Stock

Sitio Royalties

Talos Energy

TXO Partners, L.P. Common Units Representing Limited Partner Interests

TXO Partners

Vital Energy, Inc. Common Stock, par value $0.01 per share

Vital Energy

Vitesse Energy

Jefferies

Mizuho

Bernstein

Benchmark

B of A Securities

Comments

Kosmos Energy

ニュース

最新ニュース Kosmos Energy (NYSE:KOS) 株価情報

こんな人も見ています

ニュース

パートナーシップ

ベンジンガ・グローバル