Kodiak Oil & Gas Corp (NYSE:KOG) under the analyst microscope
Of late, a large number of research analyst firms have been commenting on Kodiak Oil & Gas Corp (NYSE:KOG). Robert W. Baird’s research analysts reduced their price target on the company’s shares to $12.00. At the moment, there is an “outperform” rating on the Kodiak stock. The analyst’s price objective indicated that there will probably be a 32.01% upside from the current price of the company. SunTrust’s analysts upgraded Kodiak shares from a “neutral” to a “buy” rating and moved the price up from $9.00 to $11.00.
A week ago, Canaccord Genuity reiterated their “hold” rating on the company’s shares and have set a price target of $9.00 on its shares. While 6 analysts had a “hold” rating on the stock, a “buy” rating was issued by 5 analysts. Currently, the average rating on the company is a “hold” while the consensus target price is $10.56.
In Wednesday’s trading session, KOG rose by 6.07%. The shares opened at a price of $8.81, moved to an intraday high of $9.12 and closed at $9.09 per share. Around 18.41M shares were traded while the average volume of shares that exchanged hands over a 30 day period was 6.2M. Kodiak Oil & Gas Corp (NYSE:KOG) has a market cap of 2.41B.
Kodiak Oil & Gas Corp (NYSE:KOG) is an independently run energy company that focuses on exploring, exploiting, acquiring and producing crude oil and natural gas in the U.S. The company has developed a vast asset base of oil and natural gas reserves. It also has a broad portfolio of exploratory and development drilling opportunities on very high-potential prospects’ that emphasizes on oil-resource plays. Its oil and natural gas operations and reserves are concentrated mainly in North Dakota’s Williston Basin. As of 31 January 2012, Kodiak had under lease, around 169,000 net acres. This included 157,000 net acres in Williston Basin’s Bakken oil play.