Kodiak Oil & Gas Corp (NYSE:KOG) under the analyst microscope

Posted by Nathan Alexander July 18, 2013 0 Comment 1068 views

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.

The statistics

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.

About Kodiak

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.

About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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