Analysis: Cabot Oil & Gas (NYSE:COG) Target Raised Today
In a comprehensive report published by Susquehanna on 3 December, the firm, Cabot Oil & Gas (NYSE:COG), had their target price per share cut to $20.00. Analusts presently have a solid Neutral rating on the stock.
From a total of 29 analysts covering Cabot Oil & Gas (NYSE:COG) stock, 17 rate it a ”Buy”, 0 a “Sell”, and 18 a ”Hold”. This means that 49% of the ratings are positive. The highest target price is $38 while the lowest target price is $21. The mean of all analyst targets is $29.14 with a 72.43% above today’s ($17.05) stock price. Cabot Oil & Gas was the topic of 19 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Howard Weil maintained shares on October 27 with “Sector Perform” rating. Citigroup maintained COG stock in a recent report from September 14 with “Neutral” rating.
Approximately 3.64 million shares of stock traded hands. Cabot Oil & Gas Corporation (NYSE:COG) has declined 46.98% since April 30, 2015 and is downtrending. It has underperformed by 46.70% the S&P500.
Cabot Oil & Gas Corporation is an independent gas and oil firm engaged in the development, exploitation and exploration of gas and oil properties. The company has a market cap of $7.42 billion. The Company’s exploration, development and production activities are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. It currently has negative earnings. The Company’s Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County, Pennsylvania.
According to Zacks Investment Research, “Cabot Oil & Gas Corp. is an independent oil and gas company engaged in the exploration, development, acquisition and exploitation of oil and gas properties located in four areas of the United States: the onshore Texas and Louisiana Gulf Coast; the Rocky Mountains; Appalachia; and the Mid-Continent or Anadarko Basin.” Get a free copy of the Zacks research report on Cabot Oil & Gas Corporation (COG).