Cabot Oil & Gas Corp. Rating Increased to Buy at Topeka Capital Markets (COG)
Cabot Oil & Gas Corp. (NYSE:COG) was upgraded by analysts at Topeka Capital Markets from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
COG has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Cabot Oil & Gas Corp. currently has an average rating of “Buy” and an average price target of $69.00.
Cabot Oil & Gas Corp. (NYSE:COG) opened at 35.43 on Thursday. 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 $14.906 billion and a price-to-earnings ratio of 72.31.
Cabot Oil & Gas Corp. (NYSE:COG) last posted its quarterly earnings results 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 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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