Why Kosmos Energy (KOS) Could Be Positioned for a Surge?

Zacks


Kosmos Energy Ltd. (KOS) is a Hamilton based company which explores and produces oil and gas and could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on KOS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Kosmos could be a solid choice for investors.

Current Quarter Estimates for KOS

In the past 30 days, no estimate has gone higher for Kosmos while 1 estimate moved lower in the same time period. However, the trend has been pretty favorable, with estimates increasing from 2 cents a share 30 days ago, to 4 cents today, a move of 100%.

Current Year Estimates for KOS

Meanwhile, Kosmos’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to 2 moving lower. However, the consensus estimate trend has seen a boost for this time frame, increasing from 12 cents per share 30 days ago to 14 cents per share today, an improvement of 16.67%.

Bottom Line

The stock has also started to move higher lately, adding 5.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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KOSMOS ENERGY LTD (KOS): Free Stock Analysis Report


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