SunTrust Reiterates “Neutral” Rating for Kodiak Oil & Gas Corp (KOG)
Kodiak Oil & Gas Corp (NYSE:KOG)‘s stock had its “neutral” rating reaffirmed by research analysts at SunTrust in a report released on Monday. They currently have a $14.00 price target on the stock, down from their previous price target of $15.00. SunTrust’s price objective indicates a potential downside of 4.89% from the stock’s previous close.
A number of other analysts have also recently weighed in on KOG. Analysts at RBC Capital downgraded shares of Kodiak Oil & Gas Corp from an “outperform” rating to a “sector perform” rating in a research note on Monday. They now have a $16.00 price target on the stock, up previously from $15.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Kodiak Oil & Gas Corp in a research note on Friday, July 18th. They now have a $18.00 price target on the stock, up previously from $15.00. Finally, analysts at Citigroup Inc. upgraded shares of Kodiak Oil & Gas Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 15th. They now have a $17.70 price target on the stock, up previously from $14.00. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.36.
Kodiak Oil & Gas Corp (NYSE:KOG) traded up 2.72% during mid-day trading on Monday, hitting $15.12. The stock had a trading volume of 2,975,397 shares. Kodiak Oil & Gas Corp has a 52 week low of $9.26 and a 52 week high of $16.25. The stock has a 50-day moving average of $14.80 and a 200-day moving average of $12.75. The company has a market cap of $4.041 billion and a P/E ratio of 31.12.
Kodiak Oil & Gas Corp (NYSE:KOG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.10. The company had revenue of $300.00 million for the quarter, compared to the consensus estimate of $283.23 million. During the same quarter last year, the company posted $0.17 earnings per share. Kodiak Oil & Gas Corp’s revenue was up 72.9% compared to the same quarter last year. On average, analysts predict that Kodiak Oil & Gas Corp will post $0.78 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.
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