Kodiak Oil & Gas Corp. (KOG): Today's Featured Basic Materials Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Kodiak Oil & Gas ( KOG) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.3%. By the end of trading, Kodiak Oil & Gas rose $0.16 (1.4%) to $11.94 on average volume. Throughout the day, 7,561,406 shares of Kodiak Oil & Gas exchanged hands as compared to its average daily volume of 6,119,400 shares. The stock ranged in a price between $11.64-$12.22 after having opened the day at $11.73 as compared to the previous trading day's close of $11.78. Other companies within the Basic Materials sector that increased today were: Andatee China Marine Fuel Services Corporat ( AMCF), up 61.8%, Kimber Resources ( KBX), up 16.7%, Kimber Resources ( KBXR), up 16.7% and GMX Resources ( GMXRQ), up 15.1%.

Kodiak Oil & Gas Corp., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas in the United States. Kodiak Oil & Gas has a market cap of $3.0 billion and is part of the energy industry. Shares are up 29.2% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Kodiak Oil & Gas a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Kodiak Oil & Gas as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, GeoPetro Resources Company ( GPR), down 27.5%, Enduro Royalty ( NDRO), down 13.0%, MagneGas Corporation ( MNGA), down 12.1% and Prospect Global Resources ( PGRX), down 10.9% , were all laggards within the basic materials sector with National Oilwell Varco ( NOV) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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