Wells Fargo Raises Valuation Range on Kodiak Oil & Gas (KOG), Notes Shares Look Inexpensive
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: 11 | Down: 12 | New: 13
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Wells Fargo is reiterating its Outperform rating on shares of Kodiak Oil & Gas (NYSE: KOG) and is increasing its price valuation range from $10-$13 to $11-$13.
The firm reports that it is tweaking its FY11 and FY12 EPS estimates from $0.28 and $1.10 to $0.24 and $1.14 following the recently announced deals. For 2012 and 2013, Wells Fargo now forecasts production levels of 23 Mboe/d and 30 Mboe/d.
An analyst at Wells Fargo states that shares of KOG "look inexpensive relative to peers."
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 $8.54 yesterday.
The firm reports that it is tweaking its FY11 and FY12 EPS estimates from $0.28 and $1.10 to $0.24 and $1.14 following the recently announced deals. For 2012 and 2013, Wells Fargo now forecasts production levels of 23 Mboe/d and 30 Mboe/d.
An analyst at Wells Fargo states that shares of KOG "look inexpensive relative to peers."
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 $8.54 yesterday.
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