Added to YB: 2026-03-13
Pitch date: 2026-01-14
KOS [bullish]
Kosmos Energy Ltd.
+78.13%
current return
Author Info
No bio for this author
Company Info
Kosmos Energy Ltd., a deepwater exploration and production company, engages in the exploration, development, and production of oil and natural gas properties.
Market Cap
$1.2B
Pitch Price
$1.28
Price Target
2.48 (+23%)
Dividend
N/A
EV/EBITDA
8.82
P/E
-1.64
EV/Sales
3.21
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Kosmos Energy Ltd. - $KOS
KOS: Offshore E&P w/ $400M converts at ~$47 (6.6% yield, 23.8% YTW) trading busted vs $7.02 conversion. Jubilee production inflecting to 70k BOE/d on J-74 well (+10k BOE/d); GTA LNG at nameplate 2.7M tpa after setbacks. Refinancing $250M of 2027 notes w/ $350M Nordic secured bonds addresses liquidity concerns. 2026E EBITDAX $800M, $160M FCF at $62 Brent (below $65 spot). Risks: commodity prices, execution on Winterfell-4/EqGuinea pump repairs. Converts offer >100% return to par w/ $600M equity cushion beneath.
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