The Fourth-Best-Performing Upstream Stock Year-to-Date
Kosmos Energy’s year-to-date performance in 2017
On December 1, 2017, Kosmos Energy (KOS) was the year’s fourth-best-performing stock from the oil and gas production—or upstream—sector in the US. Year-to-date, KOS has risen from its 2016 close of $7.01 to $7.99 on December 1 for an increase of ~14.0%.
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Kosmos Energy’s revenues and earnings
In 9M17, Kosmos Energy (KOS) reported revenues of ~$450.0 million, ~159.0% higher when compared with its 9M16 revenues of ~$174.0 million. KOS’s revenue growth was driven by the year-over-year higher production coupled with better realizations for crude oil prices.
In 9M17, KOS’s production increased ~107.0% to ~7.8 million barrels when compared with 9M16. Its crude oil price realizations in 9M17 were $49.94 per barrel—about 23.0% higher than in 3Q16.
In 9M17, KOS reported operating cash flows of ~$94.0 million, which represents a strong increase from its negative operating cash flows of ~$66.0 million in 9M16. The strong increase in operating cash flows in 2017 helped KOS reduce its debt and acquire key production assets in Equatorial Guinea.
Next, we’ll compare year-to-date returns from Matador Resources (MTDR) with the broader market and energy commodities. We’ll also analyze its fundamental metrics.