Canaccord Genuity Reiterates Buy on Kodiak Oil & Gas Corp. (KOG)

By admin | 6 years ago

Kodiak Oil & Gas Corp. (NYSE: KOG)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday.

Several other analysts have also recently commented on the stock. Analysts at Macquarie downgraded shares of Kodiak Oil & Gas Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of Kodiak Oil & Gas Corp. from $10.50 to $12.00 in a research note to investors on Friday, March 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Zacks downgraded shares of Kodiak Oil & Gas Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, February 7th.

Kodiak Oil & Gas Corp. traded down 1.67% on Friday, hitting $8.83. Kodiak Oil & Gas Corp. has a 52-week low of $3.59 and a 52-week high of $10.41. The company has a market cap of $2.323 billion and a price-to-earnings ratio of 472.63.

The company last announced its quarterly results on Tuesday, February 28th. It reported ($0.01) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.09 EPS by $0.10. The company’s quarterly revenue was up 400.0% on a year-over-year basis. Analysts expect that Kodiak Oil & Gas Corp. will post $0.16 EPS next quarter.

Kodiak Oil & Gas Corp. (Kodiak), incorporated on March 17, 1972, is an independent energy company focused on the exploration, exploitation, acquisition and production of natural gas and crude oil in the United States.

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