Kosmos Energy (NYSE:KOS) Announces Secondary Price Offerings – KOS, EGY, HDY, CIE

Kosmos Energy Ltd (NYSE:KOS) reported that the pricing of a registered underwritten public offering of almost 30 million common shares, all of which were offered by offered shareholders and certain officers of Kosmos. Price to the public was $11.00 a share.

This offering’s underwriters have been offered an option, exercisable within 30 days, to acquire around one more 4.5 million common shares from few of the selling shareholders on the similar terms and conditions to cover over-allotment, if any.

The offering is projected to end on February 21, 2013, subject to customary ending situations. Kosmos reported it will not get any of continues from the sale of the common shares.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. VAALCO Energy, Inc. (NYSE:EGY) rose +0.62% to settle at $8.16, Hyperdynamics Corporation (NYSE:HDY) moved up +3.00% to end at $0.618 while Cobalt International Energy, Inc. (NYSE:CIE) plunged -0.83% to finish at $25.09 on Friday.

Kosmos Energy Ltd (NYSE:KOS) last session’s volume of 14.08 million shares was higher than its average volume of 842,226 shares. The stock after opening at $10.75 hit high price of $10.91 and then closed at $10.61 by scoring -6.11%.

KOS generated revenue of $674.13 million in the previous twelve months and earned -$64.31 million. The Company showed a positive -9.54% in the net profit margin as well as in its operating margin which remained at 4.24%. Company’s annual sales growth for the past five years was 185.87%.

The KOS’s past twelve months’ price to sales ratio was 6.12 and price to cash ratio remained 10.33. As far as the returns are concerned, KOS’s return on equity was recorded as -6.64% and return on investment decreased -3.12% while its return on asset stayed at -2.79%.

The stock showed weekly downbeat performance of -17.17% which was maintained for the month at -14.64%. Likewise the negative performance for the quarter was recorded as -5.35% and for the year was -26.06% while the YTD performance remained at -14.09%.

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