NEW YORK (TheStreet) -- Shares of Kodiak Oil & Gas Corp. (KOG) are lower by 5.46% to $6.93 in early afternoon trading on Monday, as oil and energy stocks decline due to the fall in oil prices.

Crude oil futures posted a five-year low in overnight trading to $63.72 per barrel, MarketWatch reports.

Earlier today Brent Crude rose over $71 per barrel, as it appeared to be rebounding from Friday's drop, Reuters reports.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

On Friday OPEC announced it had decided not to cut oil production, sending prices lower and stocks tumbling.

Despite today's rise in oil prices the chief oil analyst at Energy Aspects told Reuters that "the market is still very much in panic mode."

Separately, TheStreet Ratings team rates KODIAK OIL & GAS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate KODIAK OIL & GAS CORP (KOG) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • KOG's very impressive revenue growth greatly exceeded the industry average of 6.4%. Since the same quarter one year prior, revenues leaped by 56.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • KODIAK OIL & GAS CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, KODIAK OIL & GAS CORP increased its bottom line by earning $0.53 versus $0.49 in the prior year. This year, the market expects an improvement in earnings ($0.61 versus $0.53).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 196.0% when compared to the same quarter one year prior, rising from $31.15 million to $92.19 million.
  • The gross profit margin for KODIAK OIL & GAS CORP is currently very high, coming in at 78.90%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 24.56% significantly outperformed against the industry average.
  • You can view the full analysis from the report here: KOG Ratings Report

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