NEW YORK ( TheStreet) -- Kodiak Oil & Gas (NYSE: KOG) hit a new 52-week high Thursday as it is currently trading at $9.34, above its previous 52-week high of $9.25 with 363,038 shares traded as of 9:40 a.m. ET. Average volume has been 8.6 million shares over the past 30 days.

Kodiak Oil & Gas has a market cap of $1.84 billion and is part of the basic materials sector and energy industry. Shares are up 39.1% year to date as of the close of trading on Wednesday.

Kodiak Oil & Gas Corp. engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in the United States. The company has a P/E ratio of 56.5, below the average energy industry P/E ratio of 58.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kodiak Oil & Gas as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Kodiak Oil & Gas Ratings Report.

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