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Following the announcement of Kosmos Energy’s (NYSE/LSE: KOS) full year 2019 results on February 24, 2020, the company is today providing an operational update.
Kosmos Energy Ltd. ("Kosmos") (NYSE: KOS) announced today the financial and operating results for the first quarter of 2020. For the quarter, the Company generated a net loss of $183 million, or $0.45 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $66 million or $0.16 per diluted share for the first quarter of 2020.
Moody's Investors Service ("Moody's") downgraded Kosmos Energy Ltd.'s (Kosmos Energy) Corporate Family Rating (CFR) to B2 from B1, Probability of Default Rating (PDR) to B2-PD from B1-PD, and senior unsecured notes to Caa1 from B2. The Speculative Grade Liquidity Rating was downgraded to SGL-3 from SGL-2. "Sharply lower commodity prices will challenge Kosmos Energy' profitability and financial flexibility keeping leverage high and delaying its growth initiatives," said Sajjad Alam, Moody's Senior Analyst.
Kosmos Energy (NYSE: KOS) (LSE: KOS) ("Kosmos" or the "Company") announced today that on April 20, 2020, it received formal notice from the New York Stock Exchange ("NYSE") 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.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Investors who take an interest in Kosmos Energy Ltd. (NYSE:KOS) should definitely note that the Director, Steven...
Shares of Kosmos Energy (NYSE:KOS) fell 0.7% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 166.67% year over year to ($0.16), which missed the estimate of ($0.15).Revenue of $177,781,000 lower by 40.10% from the same period last year, which missed the estimate of $199,750,000.Outlook Kosmos Energy hasn't issued any earnings guidance for the time being.Kosmos Energy hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 11, 2020View more earnings on KOSTime: 09:00 PM ETWebcast URL: https://edge.media-server.com/mmc/p/xz89vndrTechnicals 52-week high: $7.55Company's 52-week low was at $0.50Price action over last quarter: down 60.43%Company Overview 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.See more from Benzinga * 19 Energy Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
At a time when oil prices have declined sharply over coronavirus-led concerns, it also represents an opportunity to make a killing by acquiring good stocks at today's depressed prices.
Kosmos Energy Ltd. (NYSE/LSE: KOS) ("Kosmos" or the "Company") announced today that in the interests of health and safety given COVID-19 and related guidance from public health authorities, the 2020 annual stockholders meeting will be held in a virtual meeting webcast format only, at 8:00 a.m. CDT on Wednesday, June 10, 2020, instead of the previously announced time of 8:00 a.m. EDT. Stockholders will not be able to attend the 2020 annual stockholders meeting in person, as there will be no physical meeting.
Oil executives have requested the Texas Railroad Commission limit production in order to give companies respite during the fallout facing the industry.
Responding to volatile market conditions, Kosmos Energy on Tuesday unveiled an action plan to cut spending by more than $235 million.
Kosmos Energy (NYSE/LSE: KOS) ("Kosmos" or the "Company") announced today that it has successfully completed the re-determination of its reserve based lending credit facility ("RBL"). In addition, the company has identified a further $75 million in cost reductions across capital and operating expenditures and gives an update on the Greater Tortue Ahmeyim LNG project in Mauritania and Senegal.
The Dallas-based deepwater oil and gas exploration and production company is looking for ways to preserve its balance sheet amid market volatility.
Image source: The Motley Fool. Kosmos Energy Ltd (NYSE: KOS)Q1 2020 Earnings CallMay 11, 2020, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings, and welcome to the Kosmos Energy First Quarter 2020 Earnings Call.
Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its first quarter 2020 results:
Discussion of markets and holdings Continue reading...
Kosmos Energy (KOS) delivered earnings and revenue surprises of -14.29% and -24.19%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Andy Inglis has been the CEO of Kosmos Energy Ltd. (NYSE:KOS) since 2014. First, this article will compare CEO...
Kosmos Energy (NYSE/LSE: KOS) is presenting at the Credit Suisse Annual Energy Summit today. An updated slide presentation for today’s meetings can be found on the company website, www.kosmosenergy.com.