Kodiak Oil & Gas Corp. (KOG) — This independent energy company focuses on the production, exploration and acquisition of oil and natural gas in the U.S. Kodiak has developed an oil and natural gas asset base of proven reserves concentrated in North Dakota’s Williston Basin. Its primary geologic target is the Bakken Pool.
KOG stock is considered by many to be an excellent hedge against rising oil prices in an international crisis.
Fundamentally, analysts’ consensus estimates are for earnings of 78 cents per share in 2014 and $1.03 in 2015.
Technically, KOG stock is in a broad channel advance that began last July at about $9. Last month it knifed to a new high and since has pulled back to its 20-day moving average at $14. Since its MACD is currently on a sell signal, buyers might try to pick KOG’s 50-day moving average at $13.20 as a buy point. However, if the stock jumps through its recent high at $14.83, it should be bought at the market. The trading target for KOG is $19.
Investors could do much better by holding this stock as a long-term investment in the domestic oil and gas exploration group.