Evaluating a company with headwinds this strong can be difficult. Kodiak's trailing P/E of 50.6 looks inflated until forward expectations come into play. With a forward P/E of 9.3 and anticipated sales growth this upcoming quarter clocking in over 800% higher (full-year estimates peg Kodiak's 2012 revenue growing 425%), it's little wonder that most analysts still view the company as a good buy.Based on today's IP announcements, Motley Fool might have added Oasis to the mix.
Other Bakken players are also expecting major growth, although few have either the specific estimates or the lofty expectations of Kodiak. Samson Oil & Gas doubled its revenue last fiscal year and has a price target of $6, but has only one analyst on its tail compared to the nearly 20 following Kodiak. Whiting Petroleum is expected to grow sales by only 17% this year, and Bakken behemoth Continental Resources may grow only 28%. They both look positively anemic next to Kodiak.
Note disclaimer at the sidebar at the right. This is not an investment site. I am not buying or selling any shares in any company any time soon.
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