Kodiak Oil & Gas downgraded at RBC Capital As noted earlier, RBC Capital downgraded Kodiak Oil & Gas (KOG) to Sector Perform from Outperform. The firm downgraded the stock after the company was acquired by Whiting Petroleum (WLL) . The firm believes that owners of Kodiak shares should hold onto the stock in order to obtain shares of Whiting. RBC Capital raised its price target on Kodiak to $16 from $15.
Kodiak Oil & Gas volatility increases as share and energy prices trend lower Kodiak Oil & Gas overall option implied volatility of 43 compares to its 26-week average of 37 according to Track Data, suggesting large price movement.