Breaking News

Monday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Kosmos enters into crude oil prepayment agreement with Trafigura Trading » 05:47
06/29/20
06/29
05:47
06/29/20
05:47
KOS

Kosmos

$1.75 /

-0.15 (-7.92%)

Kosmos Energy announced…

Kosmos Energy announced that it has entered into a crude oil prepayment agreement with Trafigura Trading. Kosmos said in a release, "The Prepayment Agreement provides up to $200 million of crude oil sales primarily related to a portion of the Company's 2022 and 2023 Gulf of Mexico production, with $150 million committed by Trafigura. Kosmos expects to execute $50 million of advance crude oil sales in June 2020. Later this year, following the completion of the Prepayment Agreement conditions subsequent, an additional $100-150 million of advance crude oil sales is expected, subject to finalizing additional commitments for $50 million. Kosmos is evaluating the classification of the Prepayment Agreement as deferred revenue on its balance sheet, although such accounting treatment is subject to final analysis."

ShowHide Related Items >><<
KOS Kosmos
$1.75 /

-0.15 (-7.92%)

KOS Kosmos
$1.75 /

-0.15 (-7.92%)

05/14/20 Goldman Sachs
Kosmos downgraded to Neutral from Buy at Goldman Sachs
05/13/20 Berenberg
Kosmos price target lowered to $3.45 from $3.60 at Berenberg
05/13/20 RBC Capital
Kosmos upgraded to Sector Perform from Underperform at RBC Capital
04/29/20 Berenberg
Kosmos price target lowered to $3.60 from $9 at Berenberg
KOS Kosmos
$1.75 /

-0.15 (-7.92%)

KOS Kosmos
$1.75 /

-0.15 (-7.92%)

Over a week ago
Hot Stocks
Kosmos rises 21.5% » 09:47
06/08/20
06/08
09:47
06/08/20
09:47
KOS

Kosmos

$3.41 /

+0.58 (+20.49%)

Kosmos is up 21.5%, or…

Kosmos is up 21.5%, or 60c to $3.42.

ShowHide Related Items >><<
KOS Kosmos
$3.41 /

+0.58 (+20.49%)

KOS Kosmos
$3.41 /

+0.58 (+20.49%)

05/14/20 Goldman Sachs
Kosmos downgraded to Neutral from Buy at Goldman Sachs
05/13/20 Berenberg
Kosmos price target lowered to $3.45 from $3.60 at Berenberg
05/13/20 RBC Capital
Kosmos upgraded to Sector Perform from Underperform at RBC Capital
04/29/20 Berenberg
Kosmos price target lowered to $3.60 from $9 at Berenberg
KOS Kosmos
$3.41 /

+0.58 (+20.49%)

KOS Kosmos
$3.41 /

+0.58 (+20.49%)

Over a month ago
Downgrade
Kosmos downgraded to Neutral from Buy at Goldman Sachs » 05:16
05/14/20
05/14
05:16
05/14/20
05:16
KOS

Kosmos

$1.40 /

-0.11 (-7.28%)

, CNQ

Canadian Natural

$16.09 /

-0.775 (-4.60%)

, CVE

Cenovus Energy

$3.51 /

-0.27 (-7.15%)

Goldman Sachs analyst…

Goldman Sachs analyst Neil Mehta downgraded Kosmos Energy (KOS) to Neutral from Buy with an unchanged six-month price target of $2. Other "high beta" investment opportunities exist in energy for investors to get exposure to an eventual oil price recovery in 2021-2022 with better credit quality, including Canadian Natural Resources (CNQ) and Cenovus Energy (CVE), Mehta tells investors in a research note. The analyst, however, continues to see "robust" long-term free cash flow for Kosmos and "healthy upside" to his price target.

ShowHide Related Items >><<
KOS Kosmos
$1.40 /

-0.11 (-7.28%)

CVE Cenovus Energy
$3.51 /

-0.27 (-7.15%)

CNQ Canadian Natural
$16.09 /

-0.775 (-4.60%)

KOS Kosmos
$1.40 /

-0.11 (-7.28%)

05/13/20 Berenberg
Kosmos price target lowered to $3.45 from $3.60 at Berenberg
05/13/20 RBC Capital
Kosmos upgraded to Sector Perform from Underperform at RBC Capital
04/29/20 Berenberg
Kosmos price target lowered to $3.60 from $9 at Berenberg
04/28/20 Jefferies
Kosmos price target lowered to $1.55 from $1.80 at Jefferies
CNQ Canadian Natural
$16.09 /

-0.775 (-4.60%)

05/14/20 Goldman Sachs
Canadian Natural upgraded to Buy from Neutral at Goldman Sachs
05/08/20 RBC Capital
Canadian Natural price target raised to C$27 from C$24 at RBC Capital
05/01/20 Evercore ISI
Canadian Natural upgraded to Outperform from In Line at Evercore ISI
03/20/20 RBC Capital
Canadian Natural price target lowered to C$25 from C$27 at RBC Capital
CVE Cenovus Energy
$3.51 /

-0.27 (-7.15%)

03/25/20 Tudor Pickering
Cenovus Energy downgraded to Hold from Buy at Tudor Pickering
03/13/20 TD Securities
Cenovus Energy price target lowered to C$6 from C$16.50 at TD Securities
03/12/20 Stifel
Cenovus Energy downgraded to Hold from Buy at Stifel
03/04/20 JPMorgan
Cenovus Energy downgraded to Neutral from Overweight at JPMorgan
KOS Kosmos
$1.40 /

-0.11 (-7.28%)

CVE Cenovus Energy
$3.51 /

-0.27 (-7.15%)

CNQ Canadian Natural
$16.09 /

-0.775 (-4.60%)

CVE Cenovus Energy
$3.51 /

-0.27 (-7.15%)

KOS Kosmos
$1.40 /

-0.11 (-7.28%)

CVE Cenovus Energy
$3.51 /

-0.27 (-7.15%)

CNQ Canadian Natural
$16.09 /

-0.775 (-4.60%)

Recommendations
Kosmos price target lowered to $3.45 from $3.60 at Berenberg » 11:43
05/13/20
05/13
11:43
05/13/20
11:43
KOS

Kosmos

$1.41 /

-0.1 (-6.62%)

Berenberg analyst James…

Berenberg analyst James Carmichael lowered the firm's price target on Kosmos to $3.45 from $3.60 and keeps a Buy rating on the shares.

ShowHide Related Items >><<
KOS Kosmos
$1.41 /

-0.1 (-6.62%)

KOS Kosmos
$1.41 /

-0.1 (-6.62%)

05/13/20 RBC Capital
Kosmos upgraded to Sector Perform from Underperform at RBC Capital
04/29/20 Berenberg
Kosmos price target lowered to $3.60 from $9 at Berenberg
04/28/20 Jefferies
Kosmos price target lowered to $1.55 from $1.80 at Jefferies
04/21/20 Investec
Kosmos downgraded to Hold from Buy at Investec
KOS Kosmos
$1.41 /

-0.1 (-6.62%)

KOS Kosmos
$1.41 /

-0.1 (-6.62%)

Upgrade
Kosmos upgraded to Sector Perform from Underperform at RBC Capital » 11:31
05/13/20
05/13
11:31
05/13/20
11:31
KOS

Kosmos

$1.44 /

-0.07 (-4.64%)

RBC Capital analyst Al…

RBC Capital analyst Al Stanton upgraded Kosmos to Sector Perform from Underperform with a price target of $1.40, up from $1.10. Cost saving initiatives are bearing fruit, though he retains his cautious view on the value of Kosmos' African gas holdings, Stanton tells investors.

ShowHide Related Items >><<
KOS Kosmos
$1.44 /

-0.07 (-4.64%)

KOS Kosmos
$1.44 /

-0.07 (-4.64%)

04/29/20 Berenberg
Kosmos price target lowered to $3.60 from $9 at Berenberg
04/28/20 Jefferies
Kosmos price target lowered to $1.55 from $1.80 at Jefferies
04/21/20 Investec
Kosmos downgraded to Hold from Buy at Investec
04/01/20 Barclays
Kosmos downgraded to Equal Weight from Overweight at Barclays
KOS Kosmos
$1.44 /

-0.07 (-4.64%)

KOS Kosmos
$1.44 /

-0.07 (-4.64%)

Earnings
Kosmos reports Q1 adj. EPS (16c), consensus (15c) » 05:11
05/11/20
05/11
05:11
05/11/20
05:11
KOS

Kosmos

$1.48 /

+0.085 (+6.12%)

Reports Q1 revenue $178M,…

Reports Q1 revenue $178M, consensus $199.75M. Reports Q1 Net Production 66,300 barrels of oil equivalent per day with sales of 43,700 boepd, resulting in a material net underlift position of approximately 1.7 million barrels of oil equivalent. Commenting on the company's 1Q 2020 performance and the current COVID-19 situation, Chairman and CEO Andrew Inglis said: "COVID-19 has created unprecedented disruption across the world, which has resulted in historically low and volatile prices. During this challenging period, the health and safety of our employees and contractors continues to be our primary concern, while ensuring the strength of our balance sheet is maintained. Kosmos' operations performed well during the first quarter with production across our three hubs in line or at the top end of expectations. Our differentiated portfolio of low-cost, low decline conventional assets is well positioned to withstand the lower price environment we are in today. In response to the volatile market conditions, we have taken decisive actions to protect the business in 2020 and position it for increased activity in 2021. These measures include materially reducing costs and restructuring our hedging portfolio. We completed our RBL re-determination in difficult market conditions in April and have no near-term debt maturities. We look forward to building a self-funded gas business in Mauritania and Senegal and progressing our high-quality portfolio of ILX and basin-opening exploration prospects for 2021."

ShowHide Related Items >><<
KOS Kosmos
$1.48 /

+0.085 (+6.12%)

04/29/20 Berenberg
Kosmos price target lowered to $3.60 from $9 at Berenberg
04/28/20 Jefferies
Kosmos price target lowered to $1.55 from $1.80 at Jefferies
04/21/20 Investec
Kosmos downgraded to Hold from Buy at Investec
04/01/20 Barclays
Kosmos downgraded to Equal Weight from Overweight at Barclays
Recommendations
Kosmos price target lowered to $3.60 from $9 at Berenberg » 11:36
04/29/20
04/29
11:36
04/29/20
11:36
KOS

Kosmos

$1.47 /

+0.175 (+13.51%)

Berenberg analyst James…

Berenberg analyst James Carmichael lowered the firm's price target on Kosmos to $3.60 from $9 and keeps a Buy rating on the shares.

ShowHide Related Items >><<
KOS Kosmos
$1.47 /

+0.175 (+13.51%)

04/28/20 Jefferies
Kosmos price target lowered to $1.55 from $1.80 at Jefferies
04/21/20 Investec
Kosmos downgraded to Hold from Buy at Investec
04/01/20 Barclays
Kosmos downgraded to Equal Weight from Overweight at Barclays
03/17/20 Raymond James
Kosmos downgraded to Market Perform from Outperform at Raymond James
Recommendations
Kosmos price target lowered to $1.55 from $1.80 at Jefferies » 11:33
04/28/20
04/28
11:33
04/28/20
11:33
KOS

Kosmos

$1.26 /

+0.035 (+2.87%)

Jefferies analyst Mark…

Jefferies analyst Mark Wilson lowered the firm's price target on Kosmos to $1.55 from $1.80 and keeps a Buy rating on the shares.

ShowHide Related Items >><<
KOS Kosmos
$1.26 /

+0.035 (+2.87%)

04/21/20 Investec
Kosmos downgraded to Hold from Buy at Investec
04/01/20 Barclays
Kosmos downgraded to Equal Weight from Overweight at Barclays
03/17/20 Raymond James
Kosmos downgraded to Market Perform from Outperform at Raymond James
03/17/20 Raymond James
Kosmos downgraded to Market Perform from Outperform at Raymond James
Hot Stocks
Kosmos receives continued listing standard notice from NYSE » 05:56
04/23/20
04/23
05:56
04/23/20
05:56
KOS

Kosmos

$1.15 /

+0.12 (+11.65%)

Kosmos Energy announced…

Kosmos Energy announced that on April 20, it received formal notice from the New York Stock Exchange that the average closing price of the company's common stock over the prior 30-consecutive trading day period was below $1.00 per share, which is the minimum average share price required to maintain listing on the NYSE. Kosmos has notified the NYSE of its intention to return to compliance with the NYSE listing requirements within the six-month cure period. Under the NYSE rules, the company can regain compliance at any time during the six-month cure period if, on the last trading day of any calendar month during the cure period, its common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. Kosmos is considering options to regain compliance, which may include a reverse stock split, if necessary. During the cure period, Kosmos' shares of common stock will continue to trade on the NYSE. The NYSE notification does not affect Kosmos' ongoing business operations or its SEC reporting requirements, nor does it trigger any violation of its debt obligations.

ShowHide Related Items >><<
KOS Kosmos
$1.15 /

+0.12 (+11.65%)

04/21/20 Investec
Kosmos downgraded to Hold from Buy at Investec
04/01/20 Barclays
Kosmos downgraded to Equal Weight from Overweight at Barclays
03/17/20 Raymond James
Kosmos downgraded to Market Perform from Outperform at Raymond James
03/17/20 Raymond James
Kosmos downgraded to Market Perform from Outperform at Raymond James
Downgrade
Kosmos downgraded to Hold from Buy at Investec » 06:35
04/21/20
04/21
06:35
04/21/20
06:35
KOS

Kosmos

$0.97 /

+0.0263 (+2.80%)

Investec analyst Alex…

Investec analyst Alex Smith downgraded Kosmos to Hold from Buy with a $1.12 price target.

ShowHide Related Items >><<
KOS Kosmos
$0.97 /

+0.0263 (+2.80%)

04/01/20 Barclays
Kosmos downgraded to Equal Weight from Overweight at Barclays
03/17/20 Raymond James
Kosmos downgraded to Market Perform from Outperform at Raymond James
03/17/20 Raymond James
Kosmos downgraded to Market Perform from Outperform at Raymond James
03/16/20 RBC Capital
Kosmos double-downgraded to Underperform from Outperform at RBC Capital

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.