10 Oversold Energy Stocks To Buy Now

6. Kosmos Energy (NYSE:KOS)  

Number of Hedge Fund Investors: 25  

Forward P/E Ratio as of November 5: 3.68  

YTD Performance as of November 5: -45.16%  

Kosmos Energy Ltd. (NYSE:KOS) is a US-based exploration and production company, focusing on deepwater discoveries in emerging offshore areas such as West Africa and the Gulf of Mexico.

In Q3, Kosmos Energy Ltd. (NYSE:KOS) achieved net production of approximately 65,400 barrels of oil equivalent per day. With successful project completions in the U.S. Gulf of Mexico, Equatorial Guinea, and Greater Tortue Ahmeyim (GTA) project, the company is on track to reach its year-end production goal of around 90,000 boepd. As these projects ramp up, Kosmos Energy Ltd. (NYSE:KOS) expects to significantly reduce capital expenditure (CapEx), lowering from $210 million in Q3 to approximately $100 million in Q4. This decrease in CapEx will likely improve the company’s cost structure, potentially enhancing cash flows as production increases.

In September, Kosmos Energy Ltd. (NYSE:KOS) successfully issued $500 million in new Senior Notes due 2031, which refinanced near-term debt maturities. This strategic refinancing reduces the debt burden for 2026, 2027, and 2028, effectively extending the company’s debt profile and reducing near-term financial pressures. Additionally, the company increased its Reserve Based Lending Facility (RBL) by $145 million, reaching the full $1.35 billion borrowing base. With available liquidity of around $715 million, Kosmos Energy Ltd. (NYSE:KOS) is well-positioned to maintain financial flexibility and focus on growth initiatives.