Kodiak Oil & Gas Corp. PT Raised to $16.00 (KOG)
Investment analysts at Robert W. Baird hoisted their price target on shares of Kodiak Oil & Gas Corp. (NYSE:KOG) from $12.00 to $16.00 in a note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 18.52% from the stock’s previous close.
Shares of Kodiak Oil & Gas Corp. (NYSE:KOG) traded up 4.98% on Friday, hitting $13.50. The stock had a trading volume of 11,126,015 shares. Kodiak Oil & Gas Corp. has a 52 week low of $6.92 and a 52 week high of $9.97. The stock has a 50-day moving average of $8.45 and a 200-day moving average of $8.92. The company has a market cap of $3.585 billion and a price-to-earnings ratio of 34.29.
Kodiak Oil & Gas Corp. (NYSE:KOG) last announced its earnings results on Thursday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.02. The company had revenue of $173.47 million for the quarter, compared to the consensus estimate of $189.53 million. During the same quarter last year, the company posted $0.10 earnings per share. Kodiak Oil & Gas Corp.’s revenue was up 102.3% compared to the same quarter last year. Analysts expect that Kodiak Oil & Gas Corp. will post $0.68 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “buy” rating on shares of Kodiak Oil & Gas Corp. in a research note to investors on Wednesday. They now have a $14.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Kodiak Oil & Gas Corp. from $11.00 to $13.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Kodiak Oil & Gas Corp. in a research note to investors on Thursday, October 3rd. They now have a $11.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $12.78.
Kodiak Oil & Gas Corp. (NYSE:KOG) is an independent energy company focused on the exploration, exploitation, acquisition and production of crude oil and natural gas in the United States.
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