Canaccord Genuity Reiterates a 'Buy' on Kodiak Oil & Gas (KOG); Volume Miss Disappointing, But Focused on Superior Assets
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Price: $6.56 --0%
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Kodiak Oil & Gas (NYSE: KOG) price target lowered to $11.00.
Analyst, Marcus Talbert, said, "We are reiterating our rating, but decreasing our price target following Kodiak’s operational update ahead of Q1/12 results. While the magnitude of the Q1/12 volume miss is a clear disappointment and we expect the shares to come under pressure, we remain focused on KOG’s superior asset productivity and above-average growth prospects. We still believe Kodiak has the right combination of oil leverage/superior asset productivity to drive relative performance and we would use any weakness in the shares as a buying opportunity."
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 $9.11 yesterday.
Analyst, Marcus Talbert, said, "We are reiterating our rating, but decreasing our price target following Kodiak’s operational update ahead of Q1/12 results. While the magnitude of the Q1/12 volume miss is a clear disappointment and we expect the shares to come under pressure, we remain focused on KOG’s superior asset productivity and above-average growth prospects. We still believe Kodiak has the right combination of oil leverage/superior asset productivity to drive relative performance and we would use any weakness in the shares as a buying opportunity."
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 $9.11 yesterday.
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