Canaccord Genuity Reiterates a 'Buy' on Kodiak Oil & Gas (KOG); Integration Issues In Rearview

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Canaccord Genuity reiterates a 'Buy' on Kodiak Oil & Gas (NYSE: KOG) price target of $11.00.

Analyst, Marcus Talbert, said, "We are reiterating our rating and target price following Kodiak’s Q1/12 financial results and project updates. With the Q1 integration issues in the rearview mirror, our focus shifts to KOG’s superior asset productivity and above-average growth prospects. We believe KOG’s targeted inventory over the balance of 2012, with higher working interests in the most productive parts of the Williston Basin, will validate the quality of the asset base and drive unmatched production and cash flow growth."

For an analyst ratings summary and ratings history on Kodiak Oil & Gas click here. For more ratings news on Kodiak Oil & Gas click here.

Shares of Kodiak Oil & Gas closed at $8.65 yesterday, with a 52 week range of $3.59-$10.90.

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