Kodiak Oil & Gas Corp Reaches New 1-Year High at $14.88 (KOG)
Kodiak Oil & Gas Corp (NYSE:KOG)’s share price hit a new 52-week high during mid-day trading on Thursday , Analyst Ratings News reports. The company traded as high as $14.88 and last traded at $14.83, with a volume of 3,662,712 shares trading hands. The stock had previously closed at $14.79.
KOG has been the subject of a number of recent research reports. Analysts at GMP Securities initiated coverage on shares of Kodiak Oil & Gas Corp in a research note on Tuesday, June 24th. They set a “buy” rating and a $19.00 price target on the stock. Separately, 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, June 23rd. They now have a $16.00 price target on the stock. Finally, 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.45.
The stock’s 50-day moving average is $13.61 and its 200-day moving average is $12.24. The company has a market cap of $3.883 billion and a price-to-earnings ratio of 26.41. Kodiak Oil & Gas Corp also was the recipient of some unusual options trading on Tuesday. Stock investors acquired 17,796 call options on the company. This represents an increase of approximately 230% compared to the average daily volume of 5,394 call options.
Kodiak Oil & Gas Corp (NYSE:KOG) last announced its earnings results on Thursday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 55.7% on a year-over-year basis. On average, analysts predict that Kodiak Oil & Gas Corp will post $0.77 earnings per share for the current fiscal year.
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.
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.