Zacks Investment Research lowered shares of Kosmos Energy Ltd. (NYSE:KOS) from a buy rating to a hold rating in a research note published 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. “

KOS has been the topic of a number of other reports. Royal Bank Of Canada raised Kosmos Energy from a sector perform rating to an outperform rating and upped their price target for the company from $6.00 to $9.00 in a report on Wednesday, August 31st. RBC Capital Markets upgraded Kosmos Energy from a sector perform rating to an outperform rating and upped their price objective for the company from $6.00 to $9.00 in a research report on Wednesday, August 31st. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $8.05.

Shares of Kosmos Energy (NYSE:KOS) opened at 6.25 on Wednesday. The company has a 50-day moving average price of $6.12 and a 200 day moving average price of $5.78. Kosmos Energy has a one year low of $3.17 and a one year high of $8.00. The stock’s market cap is $2.41 billion.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The firm had revenue of $45.68 million for the quarter, compared to the consensus estimate of $121.81 million. Kosmos Energy had a negative return on equity of 2.63% and a negative net margin of 25.56%. The company’s quarterly revenue was up 37397.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.20) earnings per share. Equities research analysts expect that Kosmos Energy will post ($0.35) earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. RS Investment Management Co. LLC boosted its stake in shares of Kosmos Energy by 44.0% in the second quarter. RS Investment Management Co. LLC now owns 3,451,235 shares of the company’s stock worth $18,809,000 after buying an additional 1,054,485 shares in the last quarter. Teachers Advisors Inc. raised its position in Kosmos Energy by 80.0% in the first quarter. Teachers Advisors Inc. now owns 348,347 shares of the company’s stock worth $2,027,000 after buying an additional 154,820 shares during the last quarter. Bayesian Capital Management LP bought a new position in Kosmos Energy during the first quarter worth $166,000. Prudential PLC raised its position in Kosmos Energy by 15.4% in the first quarter. Prudential PLC now owns 4,300,362 shares of the company’s stock worth $25,028,000 after buying an additional 573,112 shares during the last quarter. Finally, Swiss National Bank raised its position in Kosmos Energy by 13.0% in the second quarter. Swiss National Bank now owns 261,600 shares of the company’s stock worth $1,426,000 after buying an additional 30,100 shares during the last quarter. 96.40% of the stock is owned by hedge funds and other institutional investors.

About Kosmos Energy

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.

5 Day Chart for NYSE:KOS

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