NEW YORK (TheStreet) -- Shares of Kodiak Oil & Gas Corp. (KOG) are gaining 3.92% to $7.16 on heavy volume in midday trading Wednesday, as energy stocks are getting a boost in anticipation of Friday's jobs report on nonfarm payrolls and a policy decision from the European Central Bank tomorrow, Bloomberg reports.
Investors await a decision by the ECB that may lead to full-scale quantitative easing, as the group is set to release its monetary policy decisions on Thursday. Printing money to boost bonds would in theory boost inflation and add to growth, Reuters added.
Also, the U.S. Labor Department is scheduled to release its monthly employment situation report, as economists are expecting nonfarm payroll to gain 235,000 in November after advancing 214,000 in October.
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Denver, CO-based Kodiak is an independent energy company focused on the exploration, exploitation, acquisition and production of crude oil and natural gas.
About 5.49 million shares of Kodiak Oil & Gas have traded hands as of 1:40 p.m. this afternoon, compared to its average trading volume of about 4.96 million shares a day.
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."