Market Overview

UPDATE: Deutsche Bank Initiates Coverage on Kodiak Oil & Gas on Peer-Leading Cash Flow Growth

Related KOG
Oil & Gas Stocks Getting Smashed
Kodiak Oil & Gas Corp. Obtains Interim Order In Connection with Proposed Arrangement With Whiting Petroleum Corporation
Make Money off Natural Gas Hot Spots, Latin American eBay (Fox Business)

In a report published on Friday, Deutsche Bank analyst Ryan Todd initiated coverage on Kodiak Oil & Gas Corp. <kodiak gas="" oil="" strong=""> (NYSE: KOG) with a Hold rating and a price target of $11.00</kodiak>

In the report, Todd noted, "Like a young, talented player still looking for consistency, Bakken pure-play Kodiak Oil & Gas' extremely high quality assets in the basin have been somewhat overshadowed by a challenging year for execution in 2012. We see significant long-term asset value and peer-leading cash flow growth, but with directional risk to the price of crude, and inherent risk in KOG's back-end loaded 2013 volume growth, we see a balanced risk-reward. Initiate at Hold with a $11/sh price target."

Kodiak Oil & Gas Corp closed on Thursday at $8.94.

Latest Ratings for KOG

DateFirmActionFromTo
Oct 2014WunderlichMaintainsBuy
Aug 2014RBC CapitalDowngradesOutperformSector Perform
Aug 2014SunTrust Robinson HumphreyMaintainsNeutral

View More Analyst Ratings for KOG
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Ryan ToddAnalyst Color Price Target Initiation Analyst Ratings

 

Related Articles (KOG)

Around the Web, We're Loving...

Get Benzinga's Newsletters