Kosmos Energy Ltd. (NYSE:KOS) shares dropped 4.9% during mid-day trading on Monday . The stock traded as low as $5.22 and last traded at $5.28, with a volume of 840,594 shares. The stock had previously closed at $5.55.

KOS has been the subject of several recent research reports. Zacks Investment Research raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Thursday, April 7th. Credit Suisse Group AG reissued a “buy” rating on shares of Kosmos Energy in a research report on Tuesday, May 10th. Finally, 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 for the company in a research report on Wednesday, May 11th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $7.58.

The firm’s 50 day moving average price is $5.59 and its 200 day moving average price is $5.31. The company’s market capitalization is $2.05 billion.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, May 9th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.05. The company had revenue of $62 million for the quarter, compared to the consensus estimate of $108.13 million. During the same period in the previous year, the firm posted ($0.21) EPS. The business’s quarterly revenue was down 53.2% on a year-over-year basis. On average, equities research analysts expect that Kosmos Energy Ltd. will post ($0.34) EPS for the current year.

Several hedge funds recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of 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 increased its stake 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 worth $1,568,000 after buying an additional 4,742 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake 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 worth $2,180,000 after buying an additional 18,700 shares in 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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