Kodiak Oil & Gas Corp Sees Significant Drop in Short Interest (KOG)
Kodiak Oil & Gas Corp (NYSE:KOG) was the target of a large drop in short interest during the month of 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, StockRatingsNetwork.com reports. Approximately 6.1% of the company’s shares are sold short. Based on an average trading volume of 6,305,428 shares, the days-to-cover ratio is presently 2.5 days.
Several analysts have recently commented on the stock. 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. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.57.
Kodiak Oil & Gas Corp (NYSE:KOG) opened at 14.87 on Monday. 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 $3.974 billion and a price-to-earnings ratio of 30.34.
Kodiak Oil & Gas Corp (NYSE:KOG) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the 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. 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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