Cabot Oil & Gas Corp. Price Target Lowered to $43.00 at Raymond James (COG)
Analysts at Raymond James dropped their target price on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $44.00 to $43.00 in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 16.91% from the stock’s previous close.
Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded up 0.08% on Monday, hitting $36.78. The stock had a trading volume of 2,955,671 shares. Cabot Oil & Gas Corp. has a 52-week low of $21.07 and a 52-week high of $40.34. The stock’s 50-day moving average is $37.67 and its 200-day moving average is $35.91. The company has a market cap of $15.474 billion and a price-to-earnings ratio of 75.00. Cabot Oil & Gas Corp. also was the recipient of unusually large options trading activity on Monday. Traders purchased 6,405 put options on the stock. This is an increase of 523% compared to the typical daily volume of 1,028 put options.
Cabot Oil & Gas Corp. (NYSE:COG) last announced its 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 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. On average, analysts predict that Cabot Oil & Gas Corp. will post $0.77 earnings per share for the current fiscal year.
A number of other firms have also recently commented on COG. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Cabot Oil & Gas Corp. to $46.00 in a research note to investors on Thursday. Separately, 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. They now have a $45.00 price target on the stock. Finally, 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, October 8th. They now have a “buy” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Cabot Oil & Gas Corp. currently has a consensus rating of “Buy” and a consensus target price of $67.05.
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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