Macquarie Cuts Kodiak Oil & Gas Corp. to Neutral (KOG)

By admin | 6 years ago

Kodiak Oil & Gas Corp. (NYSE: KOG) was downgraded by investment analysts at Macquarie from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday.

Shares of Kodiak Oil & Gas Corp. traded down 1.89% during mid-day trading on Friday, hitting $8.81. 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 $2.318 billion and a P/E 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. On average, analysts predict that Kodiak Oil & Gas Corp. will post $0.16 earnings per share next quarter.

Several other analysts have also recently commented on the stock. 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. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Kodiak Oil & Gas Corp. in a research note to investors on Thursday, March 1st. Finally, analysts at Canaccord Genuity cut their price target on shares of Kodiak Oil & Gas Corp. to $12.00 in a research note to investors on Thursday, March 1st.

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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