Kodiak Oil & Gas Corp Given Consensus Recommendation of “Hold” by Brokerages (NYSE:KOG)
Shares of Kodiak Oil & Gas Corp (NYSE:KOG) have received an average rating of “Hold” from the eighteen brokerages that are covering the stock, AnalystRatingsNetwork.com reports. Eight investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $15.57.
A number of analysts have recently weighed in on KOG shares. Analysts at SunTrust reiterated a “neutral” rating on shares of Kodiak Oil & Gas Corp in a research note on Monday, August 4th. They now have a $14.00 price target on the stock, down previously from $15.00. Separately, 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, August 4th. They now have a $16.00 price target on the stock, up previously from $15.00. Finally, 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.
Kodiak Oil & Gas Corp (NYSE:KOG) traded down 1.08% on Monday, hitting $14.71. The stock had a trading volume of 203,014 shares. Kodiak Oil & Gas Corp has a 52-week low of $9.48 and a 52-week high of $16.25. The stock’s 50-day moving average is $15.08 and its 200-day moving average is $13.02. The company has a market cap of $3.931 billion and a price-to-earnings ratio of 31.44. Kodiak Oil & Gas Corp also saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 15,900,058 shares, a drop of 28.4% from the July 15th total of 22,192,086 shares. Based on an average daily volume of 6,305,428 shares, the short-interest ratio is currently 2.5 days. Currently, 6.1% of the company’s stock are sold short.
Kodiak Oil & Gas Corp (NYSE:KOG) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 72.9% on a year-over-year basis. Analysts expect that Kodiak Oil & Gas Corp will post $0.75 EPS 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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