|Bid||3.1400 x 3100|
|Ask||3.2000 x 38800|
|Day's Range||3.1201 - 3.3700|
|52 Week Range||0.5000 - 3.5300|
|Beta (5Y Monthly)||3.86|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 10, 2021 - May 14, 2021|
|Forward Dividend & Yield||0.18 (16.14%)|
|Ex-Dividend Date||Mar 04, 2020|
|1y Target Est||3.27|
Rating Action: Moody's changes Kosmos Energy's outlook to stable, affirms B2 CFRGlobal Credit Research - 25 Feb 2021New York, February 25, 2021 -- Moody's Investors Service, ("Moody's") changed Kosmos Energy Ltd.'s (Kosmos Energy) rating outlook to stable from negative, and concurrently affirmed the company's B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating, and Caa1 senior unsecured notes. The rating also considers the company's modest scale, deep-water-focused assets and the attendant physical and operational risks, as well as the high level of volatility and uncertainty surrounding oil prices that are likely to persist through 2021.
Kosmos Energy Ltd. ("Kosmos") (NYSE: KOS) announced today the pricing of $450 million aggregate principal amount of its 7.500% senior notes due 2028. The offering was upsized by $50 million over the previously announced offering size of $400 million. The offering is expected to close on March 4, 2021, subject to customary closing conditions. Kosmos intends to use the net proceeds from the offering to repay outstanding indebtedness under its revolving credit facility and commercial debt facilities and for general corporate purposes.
Shares of Kosmos Energy (NYSE: KOS) had jumped more than 10% by 1:30 p.m. EST on Wednesday. Fueling the oil stock was a combination of higher oil prices and positive notes by analysts following its fourth-quarter results yesterday. Oil prices continued their climb today.