Shares of Kosmos Energy Ltd. (NYSE:KOS) dropped 3.2% during mid-day trading on Tuesday . The stock traded as low as $5.33 and last traded at $5.36, with a volume of 1,335,362 shares changing hands. The stock had previously closed at $5.54.

KOS has been the topic of several recent research reports. Zacks Investment Research downgraded Kosmos Energy from a “strong-buy” rating to a “hold” rating and set a $6.25 price target on the stock. in a research note on Thursday, July 21st. Raymond James Financial Inc. raised 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. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Kosmos Energy in a research note on Tuesday, May 10th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $7.58.

The firm’s market cap is $2.10 billion. The firm has a 50-day moving average price of $5.57 and a 200 day moving average price of $5.38.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. During the same period last year, the company posted ($0.20) EPS. The firm had revenue of $45.68 million for the quarter, compared to the consensus estimate of $121.81 million. The business’s revenue was up 37397.7% compared to the same quarter last year. On average, analysts forecast that Kosmos Energy Ltd. will post ($0.34) EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in shares of 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 during the period. 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 worth $2,180,000 after buying an additional 18,700 shares during the period. 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 worth $11,241,000 after buying an additional 221,617 shares during the period. Finally, RS Investment Management Co. LLC boosted its position in Kosmos Energy by 66,452.5% in the fourth quarter. RS Investment Management Co. LLC now owns 2,367,938 shares of the company’s stock worth $12,313,000 after buying an additional 2,364,380 shares during the period.

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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