Share on StockTwits
 

Equities research analysts at Topeka Capital Markets started coverage on shares of Cabot Oil & Gas (NYSE: COG) in a research note issued to investors on Wednesday. The firm set a “hold” rating and a $74.00 price target on the stock.

The analysts wrote, “While we see limited upside at the current share price following the recent outperformance, COG is the best way to play the Marcellus shale, as well as the improving natural gas market. Despite our Hold rating at this time, COG is our favorite natural gas name, given its significant concentrated resource upside potential in the Marcellus shale play, and the strong visible production, reserve and cash flow growth from this asset. However, we are sitting on the sidelines, as we believe the sector volatility may provide an opportunistic entry point for a more favorable rating.”

A number of other firms have also recently commented on COG. Analysts at Stifel Nicolaus downgraded shares of Cabot Oil & Gas from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They noted that the move was a valuation call. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Cabot Oil & Gas in a research note to investors on Thursday, March 21st. They now have a $90.00 price target on the stock.

Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Cabot Oil & Gas has an average rating of “Hold” and a consensus price target of $62.47.

Cabot Oil & Gas (NYSE: COG) traded down 1.20% on Wednesday, hitting $66.94. Cabot Oil & Gas has a 52-week low of $28.84 and a 52-week high of $68.98. The stock’s 50-day moving average is currently $61.29. The company has a market cap of $14.059 billion and a price-to-earnings ratio of 109.27.

Cabot Oil & Gas (NYSE: COG) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.06. The company had revenue of $369.88 million for the quarter, compared to the consensus estimate of $348.70 million. During the same quarter last year, the company posted $0.20 earnings per share. Cabot Oil & Gas’s revenue was up 38.0% compared to the same quarter last year. On average, analysts predict that Cabot Oil & Gas will post $1.34 earnings per share for the current fiscal year.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.