NYSE:KOSOil and Gas
A Look At Kosmos Energy’s (KOS) Valuation After Its Dilutive Discounted Equity Offering
Kosmos Energy (KOS) has completed a large follow-on equity offering of 97,500,000 common shares at US$1.90, raising about US$185.25 million to repay commercial debt and other outstanding borrowings.
See our latest analysis for Kosmos Energy.
The follow on offering sits against a sharp rebound in Kosmos Energy’s 90 day share price return of 123.53% and year to date share price return of 155.38%. However, the 3 year total shareholder return is a 64.21% loss, suggesting recent momentum has...