Where Exactly The Kodiak Oil & Gas Corp (USA) (NYSE:KOG) Is Headed?


Dallas, Texas 01/01/2014 (FINANCIALSTRENDS) – The shares of Kodiak Oil & Gas Corp (USA) (NYSE:KOG) closed at $11.31 and there was zero percentage change in the last trading session. The total traded volume was around 1.65 million shares. The 52 week high of Kodiak Oil & Gas is $14.11 and the 52 week low of Kodiak Oil & Gas is $7.27. Recently the rating of the Kodiak Oil & Gas has been upgraded by many investment analysts at the Jefferson Research. As per them they have given hold rating to the stock from their earlier perspective of sell rating to this stock.

Apart from the investment analysts at the Jefferson Research there are few more industry analysts that are quite bullish about the stock. As per them the target for Kodiak Oil & Gas stock is around $16. The company also posted its previous quarter results in the month of October and reported $0.12 earnings per share.  This earning per share was greater than the analyst’s estimate of $0.8.

Overview of Kodiak Oil & Gas Corp (USA) (NYSE:KOG)

Kodiak Oil & Gas Corp (USA) (NYSE:KOG) is a oil and gas exploration company that also focus on production of crude oil and natural gas in United States of America. The company also acquires different oil and natural gas projects for better growth and revenue.

Recently company also announced that it expects its average daily production to be around 30,000 BOE/d. The company has also very good expansion plans and the company might acquire some more natural gas and oil fields in Brazil. Now many industry analysts are also saying that though this stock belongs to penny stock category but has the potential of a major upswing in another six months. As the demand for oil and natural gas is also poised for an increase it seems that it is good bet to invest in this stock.