Reported 2 days ago
Kosmos Energy Ltd. (KOS) experienced a sharp decline of 22.08% in its stock price this past week, primarily due to a series of negative developments in the global energy market, including escalating trade tensions and fears of a recession. The company's recent financial results showed a net loss, compounding concerns as OPEC+ announced plans to boost oil output significantly. Analysts have downgraded their price forecasts for oil, further impacting investor sentiment towards Kosmos Energy.
Source: YAHOO