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

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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

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


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