Cabot Oil & Gas Corp. PT Raised to $39.00 at Societe Generale (COG)
Analysts at Societe Generale hoisted their price objective on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $36.50 to $39.00 in a research report issued to clients and investors on Wednesday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Societe Generale’s price objective points to a potential upside of 7.79% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. 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 research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $69.32.
Cabot Oil & Gas Corp. (NYSE:COG) traded down 2.48% during mid-day trading on Wednesday, hitting $36.18. 5,968,014 shares of the company’s stock traded hands. Cabot Oil & Gas Corp. has a 1-year low of $21.07 and a 1-year high of $40.34. The stock has a 50-day moving average of $37.99 and a 200-day moving average of $35.82. The company has a market cap of $15.221 billion and a P/E ratio of 75.71.
Cabot Oil & Gas Corp. (NYSE:COG) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.05 earnings per share. Cabot Oil & Gas Corp.’s revenue was up 69.3% compared to the same quarter last year. On average, analysts predict that Cabot Oil & Gas Corp. will post $0.76 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.
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