Kosmos Energy Falls Short in Q2; Bullish View On Cigna and EchoStar
- August 07th, 2023
- 264 views
Energy exploration and production company Kosmos Energy Ltd. (NYSE: KOS) announced its second-quarter 2023 financial results, reporting an earnings per share (EPS) of $0.05 and total revenues of $273.32 million. These figures fell short of the market consensus, which had anticipated an EPS of $0.09 on revenues of $289.53 million.
$KOS was trading at $7.64 in pre-market, up $0.33 (+4.51%).
In other news, The Cigna Group (NYSE: CI), a prominent healthcare services organization, retained its Strong Buy rating from Raymond James, with the price target being raised from $310 to $330.
Despite closing at $286.58 on Friday, the adjusted price target implies a potential upside of $43.42 or about 15.14% for $CI, according to the financial services firm's assessment.
Furthermore, EchoStar Corporation (Nasdaq: SATS), a leading global provider of satellite communication solutions, was upgraded from Outperform to Strong Buy by Raymond James, accompanied by a set price target of $28.
With $SATS closing at $19.38 on Friday, the price target suggests a potential upside of $8.62 or roughly 44.47%, based on the investment firm's view.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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