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Oppenheimer Boosts Price Target On Kodiak Oil & Gas (KOG) After Acquisition

November 16, 2011 10:38 AM EST
Get Alerts KOG Hot Sheet
Price: $6.56 --0%

Rating Summary:
    11 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 22
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Oppenheimer raised their price target on Outperform-rated Kodiak Oil & Gas (NYSE: KOG) from $7.50 to $10.50, saying the company's growth outlook improves on the recent acquisition.

The firm said the acquisition improves the company's long-term growth profile and "results in KOG becoming a formidable player in one of the most attractive shale plays in the US."

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 $7.84 yesterday.


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