Kodiak Oil & Gas (NYSE:KOG) Getting Coverage from Howard Weil

Kodiak Oil & Gas (NYSE:KOG) has had coverage initiated on them from Howard Weil, and were started off with a "Market Outperform."

Since plummeting to $2.46 on August 31, Kodiak has come back strongly, almost doubling their share price as of the close on Monday.

The closed Monday at $4.55, gaining $0.14, or 3.17 percent on the day.

Howard Weil placed a price target of $5.50 on Kodiak.

Northern (Amex:NOG) Stacked Against Brigham (Nasdaq:BEXP), Kodiak (Amex:KOG) and Oasis (NYSE:OAS)

With the liquidity and growth potential of Northern Oil and Gas (Amex:NOG), Canaccord Genuity says they're trading at an unjustifiable 10 percent discount against peers Brigham Exploration (Nasdaq:BEXP), Kodiak Oil & Gas (NYSE Amex:KOG) and Oasis Petroleum (NYSE:OAS).

Also liking the plan of Northern, Canaccord said, "We are reiterating our rating with greater conviction based on Northern Oil’s accelerated development plan and its proven ability to organically acquire acreage at accretive levels. We continue to believe Northern trades at too steep of a discount to its peers for a company with its liquidity and relative growth potential. At present, NOG trades at a 10% discount (EV/EBITDAX) to its closest peers (Brigham Exploration (Nasdaq:BEXP), Kodiak Oil & Gas (NYSE Amex:KOG), Oasis Petroleum (NYSE:OAS)."

All the companies closed in positive territory Wednesday.

Northern closed at $18.72, gaining $0.02, or 0.11 percent. Canaccord, which maintains a "Buy" on the company, has a price target of $24 on them.