As previously reported, Benchmark downgraded Kosmos (KOS) to Hold from Buy and removed the firm’s prior $7 price target on the shares. The firm, which is reducing its FY25 estimates to account for guidance and incorporating the latest reserve report, notes that its free cash flow forecast declines to $250M from over $400M and adds that its assumed $80 per barrel Brent price in its model “may be aspirational with impending tariffs and rising OPEC+ supply.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KOS:
- Kosmos downgraded to Hold from Buy at Benchmark
- Kosmos Energy’s Earnings Call Highlights Growth and Challenges
- Kosmos Energy: Buy Rating Affirmed Amid Promising FCF Growth and Strategic Expansion
- Kosmos Energy Reports Q4 2024 Financial Results
- Morning Movers: Domino’s Pizza slips following quarterly results
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue