BofA Upgrades Kosmos Energy Stock After Comparison With Tullow Oil
The sale and leaseback of the FPSO unit in the second quarter of 2021 is likely to boost confidence in Kosmos Energy Ltd (NYSE: KOS ), with underlying free cash flows no longer being consumed by LNG capital expenditure commitments, according to BofA Securities. The Kosmos Energy Analyst: Matthew Smith upgraded the rating for Kosmos Energy from Neutral to Buy, while raising the price target from $3.50 to $3.70. The Kosmos Energy Thesis: While Kosmos Energy has the same market cap, net debt and group production levels as Tullow Oil plc (OTC: TUWLF ), it has … Full story available on Benzinga.com
BofA Upgrades Kosmos Energy Stock After Comparison With Tullow Oil
The sale and leaseback of the FPSO unit in the second quarter of 2021 is likely to boost confidence in Kosmos Energy Ltd (NYSE: KOS ), with underlying free cash flows no longer being consumed by LNG capital expenditure commitments, according to BofA Securities. The Kosmos Energy Analyst: Matthew Smith upgraded the rating for Kosmos Energy from Neutral to Buy, while raising the price target from $3.50 to $3.70. The Kosmos Energy Thesis: While Kosmos Energy has the same market cap, net debt and group production levels as Tullow Oil plc (OTC: TUWLF ), it has … Full story available on Benzinga.com