Kosmos Energy Ltd. (NYSE:KOS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “

Other equities analysts have also recently issued reports about the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $9.00 price target on shares of Kosmos Energy in a research note on Friday, August 4th. Johnson Rice initiated coverage on Kosmos Energy in a research note on Tuesday, June 20th. They issued a “buy” rating on the stock. Jefferies Group LLC set a $8.00 price target on Kosmos Energy and gave the stock a “buy” rating in a research note on Saturday, June 17th. Citigroup Inc. decreased their price target on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, Scotiabank set a $7.00 price target on Kosmos Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $8.50.

Shares of Kosmos Energy (NYSE KOS) opened at 7.86 on Wednesday. The company has a 50-day moving average price of $6.96 and a 200 day moving average price of $6.45. Kosmos Energy has a one year low of $4.39 and a one year high of $7.90. The company’s market capitalization is $3.06 billion.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The business had revenue of $146.50 million for the quarter, compared to analysts’ expectations of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The business’s quarterly revenue was up 220.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS. Equities analysts anticipate that Kosmos Energy will post ($0.26) EPS for the current year.

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Several hedge funds have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC grew its position in shares of Kosmos Energy by 3.2% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock worth $210,687,000 after buying an additional 1,010,626 shares during the last quarter. Capital Research Global Investors grew its position in shares of Kosmos Energy by 15.9% in the 2nd quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock worth $193,282,000 after buying an additional 4,130,107 shares during the last quarter. BlackRock Inc. grew its position in shares of Kosmos Energy by 5.2% in the 2nd quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock worth $102,942,000 after buying an additional 787,145 shares during the last quarter. Prudential PLC grew its position in shares of Kosmos Energy by 17.4% in the 2nd quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock worth $88,149,000 after buying an additional 2,036,371 shares during the last quarter. Finally, Capital World Investors grew its position in shares of Kosmos Energy by 211.1% in the 2nd quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock worth $77,986,000 after buying an additional 8,255,929 shares during the last quarter.

About Kosmos Energy

Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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