Kodiak Oil (AMEX:KOG) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.98%.
Results: Adjusted Earnings Per Share decreased 12.5% to $0.07 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Rose 106.53% to $165.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Kodiak Oil reported adjusted EPS income of $0.07 per share. By that measure, the company missed the mean analyst estimate of $0.14. It missed the average revenue estimate of $174.53 million.
Why does KOG have almost as many analyst who follow the stock on the EPS side and rev side as WLL,CLR and OAS.Their market cap is twice that of KOG,,,,for a junior E&P the bear sure attracts alot of attention....must be the enormous upside potential.