Benchmark starts ‘under-valued’ Kosmos with a Buy

As previously reported, Benchmark analyst Subash Chandra initiated coverage of Kosmos Energy with a Buy rating and $10 price target. The firm believes the company’s organic growth opportunities, which are advanced and "largely de-risked," are "under-valued" by the current share price. Kosmos is differentiated by a combination of organic growth, free cash flow and participation in the global LNG markets and its growth is balanced by "a relatively stable base of production" in Ghana, the Gulf of Mexico and Equatorial Guinea, Benchmark said.