Global Hunter Securities Maintains a 'Neutral' on Kodiak Oil & Gas (KOG); Q1 Review

Global Hunter Securities maintains a 'Neutral' on Kodiak Oil & Gas (NYSE: KOG), PT lowered from $8 to $7.50.

Global analyst says, "Kodiak was faced with weather-related issues which impacted 1Q11 results; a theme consistent with most Bakken operators. It would seem weather could still be an issue into 2Q11 as thawing of winter snow now creates a muddy mess of the roads. Our 2011 estimates are therefore at 16% below the lower end of guidance and will remain there until we see better weather and overall improvement in service availability."

For more ratings news on Kodiak Oil & Gas click here and for the rating history of Kodiak Oil & Gas click here.

Shares of Kodiak Oil & Gas closed at $6.47 yesterday.

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