Cabot Oil & Gas Corp. Now Covered by Barclays Capital (COG)
Investment analysts at Barclays Capital assumed coverage on shares of Cabot Oil & Gas Corp. (NYSE:COG) in a note issued to investors on Wednesday, Analyst Ratings Network reports. The firm set an “equal weight” rating and a $45.00 price target on the stock. Barclays Capital’s price target points to a potential upside of 12.70% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded down 1.13% on Wednesday, hitting $39.48. The stock had a trading volume of 1,993,562 shares. Cabot Oil & Gas Corp. has a 1-year low of $20.26 and a 1-year high of $40.34. The stock’s 50-day moving average is $37.81 and its 200-day moving average is $34.86. The company has a market cap of $16.610 billion and a price-to-earnings ratio of 81.49. Cabot Oil & Gas Corp. also saw unusually large options trading on Monday. Stock traders bought 4,568 call options on the stock. This represents an increase of 111% compared to the average volume of 2,163 call options.
Cabot Oil & Gas Corp. (NYSE:COG) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.06. The company had revenue of $449.68 million for the quarter, compared to the consensus estimate of $435.32 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 69.3% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Corp. will post $0.79 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust initiated coverage on shares of Cabot Oil & Gas Corp. (NYSE:COG) in a research note to investors on Wednesday, August 28th. They set a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Cabot Oil & Gas Corp. (NYSE:COG) in a research note to investors on Tuesday, August 20th. They set a “buy” rating and a $45.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $44.00 to $47.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Twelve analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.00.
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties.
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