Cabot Oil & Gas Corp. Price Target Increased to $50.00 by Analysts at Jefferies Group (COG)
Equities research analysts at Jefferies Group boosted their price objective on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $47.00 to $50.00 in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 42.49% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital reiterated a “hold” rating on shares of Cabot Oil & Gas Corp. in a research note to investors on Wednesday, October 2nd. They now have a $45.00 price target on the stock. Separately, analysts at Societe Generale raised their price target on shares of Cabot Oil & Gas Corp. from $36.50 to $39.00 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Cabot Oil & Gas Corp. from $42.00 to $44.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Twelve research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Cabot Oil & Gas Corp. presently has a consensus rating of “Buy” and an average price target of $69.47.
Cabot Oil & Gas Corp. (NYSE:COG) traded down 2.04% on Tuesday, hitting $35.09. The stock had a trading volume of 4,639,059 shares. Cabot Oil & Gas Corp. has a 1-year low of $21.07 and a 1-year high of $40.34. The stock’s 50-day moving average is $37.83 and its 200-day moving average is $35.89. The company has a market cap of $14.763 billion and a P/E ratio of 73.10.
Cabot Oil & Gas Corp. (NYSE:COG) last released its earnings data 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 $0.76 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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