Zacks Upgrades Kodiak Oil & Gas Corp. to “Neutral” (KOG)
Kodiak Oil & Gas Corp. (NYSE:KOG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, American Banking News.com reports. The firm currently has a $11.90 price objective on the stock. Zacks‘ target price points to a potential upside of 2.32% from the stock’s previous close.
Kodiak Oil & Gas Corp. (NYSE:KOG) traded up 3.18% during mid-day trading on Tuesday, hitting $12.00. 4,567,242 shares of the company’s stock traded hands. Kodiak Oil & Gas Corp. has a 52-week low of $7.27 and a 52-week high of $9.97. The stock has a 50-day moving average of $8.92 and a 200-day moving average of $8.81. The company has a market cap of $3.192 billion and a P/E ratio of 24.33.
KOG has been the subject of a number of other recent research reports. Analysts at Global Hunter Securities cut their price target on shares of Kodiak Oil & Gas Corp. from $16.00 to $14.00 in a research note on Thursday, February 13th. Separately, analysts at Robert W. Baird raised their price target on shares of Kodiak Oil & Gas Corp. from $15.00 to $16.00 in a research note on Wednesday, February 12th. Finally, analysts at Imperial Capital cut their price target on shares of Kodiak Oil & Gas Corp. from $13.00 to $12.00 in a research note on Friday, January 3rd. They now have an “in-line” rating on the stock. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.85.
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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.