Shares of Kosmos Energy Ltd. (NYSE:KOS) dropped 2.3% during mid-day trading on Tuesday . The stock traded as low as $5.85 and last traded at $5.86, with a volume of 559,970 shares traded. The stock had previously closed at $6.00.

KOS has been the topic of several analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Kosmos Energy in a research report on Tuesday, May 10th. Zacks Investment Research lowered shares of Kosmos Energy from a “strong-buy” rating to a “hold” rating and set a $6.25 price target on the stock. in a research report on Thursday, July 21st. 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 on the stock in a research report on Wednesday, May 11th. Six 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 stock. The stock has a consensus rating of “Buy” and a consensus target price of $7.58.

The firm’s 50-day moving average is $5.72 and its 200 day moving average is $5.57. The company’s market cap is $2.28 billion.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. The company earned $45.68 million during 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. During the same quarter in the prior year, the firm earned ($0.20) EPS. On average, equities research analysts predict that Kosmos Energy Ltd. will post ($0.40) EPS for the current fiscal year.

An institutional investor recently raised its position in Kosmos Energy stock. RS Investment Management Co. LLC raised its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 66,452.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,367,938 shares of the company’s stock after buying an additional 2,364,380 shares during the period. RS Investment Management Co. LLC owned 0.62% of Kosmos Energy worth $12,313,000 at the end of the most recent 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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