|Over a week ago|
Kosmos price target raised to 735 GBp from 710 GBp at Berenberg » 14:3911/0911/09/22
Berenberg analyst James…
Berenberg analyst James Carmichael raised the firm's price target on Kosmos to 735 GBp from 710 GBp and keeps a Buy rating on the shares.
Kosmos reports Q3 EPS 47c vs. (7c) last year » 05:2711/0711/07/22
Reports Q3 revenue…
Reports Q3 revenue $456.06M vs. $200.54M last year. Reports Q3 net production of approximately 60,900 boepd. Commenting on the company's third quarter performance, chairman and CEO Andrew Inglis said: "Kosmos posted another quarter of solid strategic and operational delivery, with the company reaching its year-end leverage target ahead of schedule."
|Over a month ago|
Kosmos call volume above normal and directionally bullish » 11:4510/2110/21/22
Bullish option flow…
Bullish option flow detected in Kosmos with 4,659 calls trading, 7x expected, and implied vol increasing over 3 points to 84.04%. Oct-22 5 calls and Oct-22 6 calls are the most active options, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 0.04. Earnings are expected on November 7th.
Kosmos provides update on Greater Tortue Ahmeyim project FPSO » 05:1509/2709/27/22
Kosmos reported that the…
Kosmos reported that the floating production, storage and offloading vessel, or FPSO, for the Greater Tortue Ahmeyim project, or GTA, had drifted approximately 200 meters off the quayside following the impact of Typhoon Muifa. Kosmos has been informed by BP, the operator of the GTA project, that the FPSO has been returned to the quayside of the Cosco shipyard in China. Inspections conducted to date have not identified any significant damage. The forward plan is to complete all inspections and incorporate the findings into the remaining work scope prior to sailaway. Kosmos will give a further project update alongside its third quarter results in early November.
Kosmos put volume heavy and directionally bearish » 11:5509/2309/23/22
Bearish flow noted in…
Bearish flow noted in Kosmos with 8,768 puts trading, or 3x expected. Most active are Oct-22 5 puts and Dec-22 7.5 calls, with total volume in those strikes near 9,200 contracts. The Put/Call Ratio is 3.57, while ATM IV is up over 13 points on the day. Earnings are expected on November 7th.
Notable open interest changes for September 12th » 08:5509/1209/12/22
TSLA, AAPL, CHPT, KOS
Friday's total option volume of 44.6 million contracts resulted in net open interest growth of 4.89 million calls and 3.88 million puts. Tesla (TSLA), Apple (AAPL), ChargePoint Holdings (CHPT) and Kosmos (KOS) saw the greatest growth. Top five new positions opened include 55k Kosmos (KOS) Oct-22 5 puts, 55k Kosmos (KOS) Oct-22 7.5 calls, 50k ChargePoint Holdings (CHPT) Nov-22 22 calls, 32k Nikola (NKLA) 9/23 weekly 6 calls and 31k Bausch Health (BHC) 9/23 weekly 7.5 calls.
|Over a quarter ago|
Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations » 10:0108/2508/25/22
COST, MRK, LRN, DFH, KOS, LEN, TOL, KBH, LZB, GDS, KERN, NICE, BE, SMR, KNTK, EHAB, DHI, PHM
Kosmos upgraded to Buy from Hold at Berenberg » 04:5008/2508/25/22
Berenberg analyst James…
Berenberg analyst James Carmichael upgraded Kosmos Energy to Buy from Hold with a price target of $8.50, up from $8.30. Kosmos has "lots of levers to pull" given its leverage to higher gas prices in the first two phases of the Tortue development, Carmichael tells investors in a research note. The analyst also has higher confidence in the company delivering on its significant resource base in Ghana.
Kosmos price target raised to $11.60 from $10.40 at Barclays » 05:3808/2408/24/22
Barclays analyst James…
Barclays analyst James Hosie raised the firm's price target on Kosmos to $11.60 from $10.40 and keeps an Overweight rating on the shares. A tighter European gas market pushes sector valuations and free cash flow higher, Hosie tells investors in a research note. This overrides concern about a slightly weaker oil price outlook for companies with material exposure to European natural gas prices, says the analyst.
Kosmos reports Q2 EPS 25c vs. (14c) last year » 06:4908/0808/08/22
Reports Q2 revenue…
Reports Q2 revenue $620.9M vs. $384.1M last year. CEO Andrew G. Inglis said: "Kosmos delivered another quarter of strong operational and financial performance. Production at the upper end of guidance and continued free cash flow delivery helped reduce debt and drive net leverage lower. Following the robust underlying business performance year-to-date, and despite seeing some inflationary cost pressures, we expect full year free cash flow generation and debt reduction to be in line with previous guidance with year-end net leverage expected to be lower than our 1.5x target. We continued to make good progress on our three core development projects -- Tortue Phase 1, Jubilee Southeast and Winterfell -- which we expect will collectively grow production by ~50% by 2024. We are also advancing our other gas projects in Mauritania and Senegal, which are expected to drive the next phase of growth beyond 2024 as we continue to materially increase the gas weighting of the portfolio. With low-cost, high margin oil assets that generate material cash to both de-lever and fund our investment in our world-class gas assets, we believe we have the right portfolio at the right time. We are well positioned for the energy transition and expect to play an increasingly important role alongside our host countries in providing energy security to nations looking to diversify current supply sources."