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Equities research analysts at GMP Securities began coverage on shares of Kodiak Oil & Gas Corp (NYSE:KOG) in a research note issued to investors on Tuesday, reports. The firm set a “buy” rating and a $19.00 price target on the stock. GMP Securities’ target price indicates a potential upside of 30.85% from the stock’s previous close.

Shares of Kodiak Oil & Gas Corp (NYSE:KOG) traded down 1.24% during mid-day trading on Tuesday, hitting $14.34. The stock had a trading volume of 703,225 shares. Kodiak Oil & Gas Corp has a 1-year low of $8.34 and a 1-year high of $14.83. The stock has a 50-day moving average of $12.89 and a 200-day moving average of $11.9. The company has a market cap of $3.822 billion and a price-to-earnings ratio of 25.93. Kodiak Oil & Gas Corp also was the recipient of unusually large options trading activity on Monday. Investors purchased 5,926 put options on the company. This is an increase of 122% compared to the average volume of 2,673 put options.

Kodiak Oil & Gas Corp (NYSE:KOG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.07. The company had revenue of $257.02 million for the quarter, compared to the consensus estimate of $286.37 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 55.7% on a year-over-year basis. Analysts expect that Kodiak Oil & Gas Corp will post $0.78 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on KOG. Analysts at KLR Group downgraded shares of Kodiak Oil & Gas Corp from a “buy” rating to an “accumulate” rating in a research note on Monday. They now have a $16.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Kodiak Oil & Gas Corp in a research note on Wednesday, June 11th. They now have a $15.00 price target on the stock, up previously from $13.00. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.45.

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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