Boston, MA 10/22/2013 (wallstreetpr) – There are now all indications that Kodiak Oil & Gas Corp (USA) (NYSE:KOG) is spoiling for a run-up, that kind that ends with fat profits to investors. The independent energy company is quickly slipping into analysts’ good books and this speaks volumes to investors seeking a piece of this growing company.
The latest agency to issue an upbeat sentiment on the stock is Robert W. Baird where analysts have issued a price target appreciation to the stock from previous $12 per share to now $16 per share, a potential forward leap of roughly 18.52% from the company’s current share price at the NYSE. KOG now has an outperform sentiment from Robert W. Baird.
KOG last reported its most recent quarterly earnings on August 2, posting $0.17 EPS ahead of consensus estimate of $0.15. It earned $173.47 million in revenue for the quarter, compared to $189.53 million consensus estimate. In the similar quarter a year earlier, the energy company realized $0.10 EPS. Analysts now predict the company to come around $0.68 EPS for the 2013 full-year.
So far 10 analysts studying the company have issued their comments in the range of five hold and five buy. Thus earning KOG average buy rating and consensus price target of $12.78.
In the previous trading session Monday, October 21, KOG closed the day at $3.53 billion in market value, having been scathed 1.41% to close down $13.31.
KOG is an independent company in the energy industry with focus on exploration, exploitation and production of natural gas and crude oil in the U.S. The company is also into acquisition businesses. KOG’s Q3.13 earnings release is coming up on October 31, to be followed by the conference call a day later on November 1.
At this point, KOG is a perfect add-on into investment portfolio for both long-term and short-term investment as it appears well positioned for massive gains in the trading months ahead.