Barclays Capital Reiterates Hold Rating for Cabot Oil & Gas Corp. (COG)
Cabot Oil & Gas Corp. (NYSE:COG)‘s stock had its “hold” rating reiterated by equities research analysts at Barclays Capital in a research note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a $45.00 price objective on the stock. Barclays Capital’s price target suggests a potential upside of 24.38% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale raised their price target on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $36.50 to $39.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $42.00 to $44.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, 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. Twelve investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $69.32.
Cabot Oil & Gas Corp. (NYSE:COG) traded down 2.48% during mid-day trading on Wednesday, hitting $36.18. The stock had a trading volume of 5,968,014 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 $37.99 and its 200-day moving average is $35.82. The company has a market cap of $15.221 billion and a price-to-earnings ratio of 75.71.
Cabot Oil & Gas Corp. (NYSE:COG) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 69.3% on a year-over-year basis. Analysts expect that Cabot Oil & Gas Corp. will post $0.76 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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