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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  BP    BP.   GB0007980591

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Kosmos Energy : BP partner Kosmos lists on London stock market

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08/22/2017 | 07:11am CEST

KOSMOS Energy listed on the London Stock Exchange (LSE) yesterday, extending a vote of confidence to London's financial centre as the oil explorer seeks to attract international investors.

The US-based company has a market capitalisation of $2.5bn (£1.9bn) and is partnered with oil major BP in an exploration for gas offshore Senegal and Mauritania. It joins 159 oil and gas companies listed in London with a combined market cap of $1 trillion.

The firm has maintained its primary listing on the New York Stock Exchange.

Through the London listing, Kosmos gained access to an "unrivalled" pool of international investors with a strong knowledge of the global oil and gas industry, said Chris Mayo, the LSE group's head of primary markets for the Americas.

Mayo said the new listing underlines London's "enduring status as the most international financial centre and an open and dynamic place to do business".

Andrew Inglis, chief executive of Kosmos Energy, said the secondary listing was the next step in the firm's evolution.

"We selected the LSE for our secondary listing because of its strong liquidity, reputation for transparency, and participants' knowledge of the role of frontier exploration and development in our industry," Inglis said.

"We believe that Kosmos represents a compelling investment proposition both in terms of its upcoming high-impact exploration program and the development of recent gas discoveries."

Kosmos and BP began a joint venture partnership at the end of 2016, and in May the two companies announced a major gas discovery offshore Senegal. BP has called the West Africa region a "world-class hydrocarbon basin".

Kosmos shares first traded at 569p and ended the first day of dealings at 522.25p.

(c) 2017 City A.M., source Newspaper

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Financials ($)
Sales 2017 220 922 M
EBIT 2017 10 897 M
Net income 2017 5 990 M
Debt 2017 38 372 M
Yield 2017 6,91%
P/E ratio 2017 18,53
P/E ratio 2018 15,30
EV / Sales 2017 0,68x
EV / Sales 2018 0,62x
Capitalization 111 899 M
Chart BP
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BP Technical Analysis Chart | BP. | GB0007980591 | 4-Traders
Technical analysis trends BP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Average target price 6,36 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Robert W. Dudley Group Chief Executive Officer & Executive Director
Carl-Henric Svanberg Chairman
Brian Gilvary Group Chief Financial Officer & Executive Director
Paul Milton Anderson Independent Non-Executive Director
Ian Edward Lamert Davis Independent Non-Executive Director
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