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

by Sam Liu, Benzinga Staff Writer

May 24, 2013 8:29 AM | 1 min read | Make a Comment

In a report published on Friday, Deutsche Bank analyst Ryan Todd initiated coverage on

(KOG) with a Hold rating and a price target of $11.00 In the report, Deutsche Bank 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.

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

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