Boston, MA 11\/04\/2013 (wallstreetpr) –\u00a0Kodiak Oil & Gas Corp (USA) (NYSE:KOG) reported its Q3 last week Friday and its stock prices suffered deeply on the NYSE browser, losing 4.55% to close south $12.38 in the regular session. This apparently occurred due to investors reading too much into the oil and gas company\u2019s headline numbers. The Q3 headline figures did suggest that the company fell short of Wall Street expectations, but drilling inside the figures reveals a different company that is poised to earn investors significant profits soon. As such, KOG \u2018s headline numbers shouldn\u2019t be taken as a sign of its weakness.<\/p>\n
Basically, Q3 numbers show a strong performance for KOG which should not go unnoticed by investors looking to put their money in a promising oil company. In the Q3 data, KOG earned $0.12 per share on revenue of $299 million. Apparently, the company\u2019s revenue came up above estimates and last year\u2019s figure by 167%. However, per share earning was excruciatingly disappointing at just half of what Wall Street wanted. But even so, this dismal per share earning clouds a lot of the company\u2019s underlying energies.<\/p>\n
Perhaps understanding why this dismal per share earning came about can help dispel panic among investors. In the latest reported quarter, commodity hedge loss of $61.1 million pocked holes into the company\u2019s $152.6 million net cash in operating activities. This net cash reveals an astounding 71% gap up from last year and only $50 million shy of the company\u2019s first nine months in 2012. Basically, this reveals a solid trend in KOG which should surge confidence among investors beyond what the headline numbers display.<\/p>\n
The higher oil prices are expected to improve KOG\u2019s bottom line as already indicated by the most recent quarter. The company\u2019s oil and gas gapped up 12% than the previous quarter in earnings and 20% more than a year ago. If the company reduces its operating expenses which jumped 9% from the previous year, it would have plugged one of its major leaks.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 11\/04\/2013 (wallstreetpr) –\u00a0Kodiak Oil & Gas Corp (USA) (NYSE:KOG) reported its Q3 last week Friday and its stock prices suffered deeply on the […]<\/p>\n","protected":false},"author":12,"featured_media":12252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3608,3607,3609,2189],"stock_ticker":[],"class_list":["post-12251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-kodiak-oil-gas-corp-usa","tag-kodiak-oil-gas-corp-usa-nysekog","tag-kog","tag-nysekog","entry"],"acf":[],"yoast_head":"\n