10 Worst Performing Energy Stocks in 2024

3. Kosmos Energy Ltd. (NYSE:KOS)

1-Year Performance as of January 21: -44.43%

Market Cap as of January 21: $1.67 Billion

Number of Hedge Fund Investors: 27

Kosmos Energy Ltd. (NYSE:KOS) is a full-cycle deepwater oil and gas exploration and production company. The firm focuses on projects in the Atlantic Margins, including West Africa, the Gulf of Mexico, and South America. Kosmos Energy Ltd. (NYSE:KOS) generates revenue through hydrocarbon production and by selling crude oil and natural gas to global markets. The company is known for its partnerships with governments and major energy players.

Kosmos Energy Ltd. (NYSE:KOS) is pursuing a comprehensive strategy that includes investing in new projects, optimizing existing operations, and prioritizing free cash flow generation. In the Gulf of Mexico, the company has successfully achieved first production at the Winterfell project and completed two production enhancement projects at Kodiak and Odd Job, both of which are performing strongly. In addition, Kosmos Energy Ltd. (NYSE:KOS) is advancing its drilling campaign in Equatorial Guinea, which is anticipated to support the company’s objective of increasing production by 50% to approximately 90,000 barrels of oil equivalent per day.

Kosmos Energy Ltd. (NYSE:KOS) is also committed to strengthening its financial resilience and discipline. The company has implemented measures to extend debt maturities, enhance liquidity, and streamline its capital structure. With no maturities in 2025 and only a small obligation in 2026, which is expected to be covered by free cash flow, the company is well-positioned financially. Furthermore, Kosmos Energy Ltd. (NYSE:KOS) is actively managing price volatility through its rolling hedging program, with approximately 45% of its first-half 2025 oil production hedged at a downside protection level of around $70 per barrel.