KOS - Kosmos Energy started at Buy at Benchmark as growth outlook undervalued

Kosmos Energy ( NYSE: KOS ) +1.6% in Thursday's trading as Benchmark initiates coverage with a Buy rating and $10 price target, believing the company's organic growth opportunities are undervalued, advanced and largely de-risked.

Benchmark analyst Subash Chandra thinks Kosmos ( KOS ) shares do not adequately reflect his 2024 production forecast of 90K boe/day, LNG upside from pre-FID projects and the company's substantial exploration inventory.

The company is differentiated by a combination of organic growth, FCF and participation in the global LNG markets, and the growth is balanced by a relatively stable base of production in Ghana, the Gulf of Mexico and Equatorial Guinea, according to Chandra.

Kosmos Energy ( KOS ) "boasts world class assets at a time when energy prices are being squeezed," ZMK Capital writes in an a nalysis published recently on Seeking Alpha .

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