Cabot Oil & Gas Corp. PT Raised to $44.00 (COG)
Equities research analysts at Raymond James hoisted their target price on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $42.00 to $44.00 in a research note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 17.90% from the stock’s previous close.
A number of other firms have also recently commented on COG. Analysts at Barclays Capital initiated coverage on shares of Cabot Oil & Gas Corp. (NYSE:COG) in a research note to investors on Wednesday, September 4th. They set an “equal weight” rating and a $45.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Twelve analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Cabot Oil & Gas Corp. has an average rating of “Buy” and an average price target of $71.11.
Cabot Oil & Gas Corp. (NYSE:COG) traded up 0.57% on Monday, hitting $37.32. The stock had a trading volume of 6,115,441 shares. Cabot Oil & Gas Corp. has a one year low of $21.07 and a one year high of $40.34. The stock’s 50-day moving average is $38.06 and its 200-day moving average is $35.79. The company has a market cap of $15.701 billion and a price-to-earnings ratio of 75.73.
Cabot Oil & Gas Corp. (NYSE:COG) last announced its 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. Analysts expect that Cabot Oil & Gas Corp. will post $0.77 EPS 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.
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