Cabot Oil & Gas Corp. Price Target Increased to $46.00 by Analysts at Goldman Sachs Group Inc. (COG)
Equities researchers at Goldman Sachs Group Inc. lifted their price objective on shares of Cabot Oil & Gas Corp. (NYSE:COG) to $46.00 in a research report issued on Thursday, Analyst RN reports. Goldman Sachs Group Inc.’s target price suggests a potential upside of 29.83% from the company’s current price.
Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded up 1.24% during mid-day trading on Thursday, hitting $35.87. 3,161,160 shares of the company’s stock traded hands. 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 $37.77 and its 200-day moving average is $35.88. The company has a market cap of $15.091 billion and a P/E ratio of 72.31.
Cabot Oil & Gas Corp. (NYSE:COG) last released its 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets upgraded shares of Cabot Oil & Gas Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday. Separately, analysts at Jefferies Group raised their price target on shares of Cabot Oil & Gas Corp. from $47.00 to $50.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $68.33.
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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