Kosmos Energy Ltd. (NYSE:KOS) traded down 4.6% during mid-day trading on Wednesday . The company traded as low as $5.82 and last traded at $5.86, with a volume of 576,393 shares trading hands. The stock had previously closed at $6.14.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Kosmos Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 price target on the stock in a research note on Tuesday. Raymond James Financial Inc. raised shares of Kosmos Energy from an “outperform” rating to a “strong-buy” rating and set a $7.00 price target on the stock in a research note on Wednesday, May 11th. Credit Suisse Group AG reissued a “buy” rating on shares of Kosmos Energy in a research note on Tuesday, May 10th. Finally, Deutsche Bank AG lowered their target price on shares of Kosmos Energy from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 29th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Kosmos Energy has an average rating of “Buy” and an average target price of $7.60.

The company’s market cap is $2.26 billion. The company has a 50-day moving average of $5.62 and a 200-day moving average of $5.24.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.05. The business earned $62 million during the quarter, compared to analysts’ expectations of $108.13 million. The company’s revenue was down 53.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.21) EPS. Equities research analysts expect that Kosmos Energy Ltd. will post ($0.41) earnings per share for the current year.

A number of hedge funds and institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Kosmos Energy by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,161,911 shares of the company’s stock valued at $11,241,000 after buying an additional 221,617 shares during the last quarter. California State Teachers Retirement System boosted its position in Kosmos Energy by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 301,461 shares of the company’s stock valued at $1,568,000 after buying an additional 4,742 shares during the last quarter. Boston Partners boosted its position in Kosmos Energy by 7.9% in the fourth quarter. Boston Partners now owns 6,420,843 shares of the company’s stock valued at $33,388,000 after buying an additional 472,078 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Kosmos Energy by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 419,300 shares of the company’s stock valued at $2,180,000 after buying an additional 18,700 shares during the last quarter.

Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.

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