Cabot Oil & Gas Corp. Now Covered by Robert W. Baird (COG)
Equities research analysts at Robert W. Baird initiated coverage on shares of Cabot Oil & Gas Corp. (NYSE:COG) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
COG has been the subject of a number of other recent research reports. Analysts at Raymond James cut their price target on shares of Cabot Oil & Gas Corp. from $44.00 to $43.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, 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, October 10th. Finally, 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, October 10th. They now have a $45.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $66.22.
Cabot Oil & Gas Corp. (NYSE:COG) opened at 36.37 on Wednesday. Cabot Oil & Gas Corp. has a 52 week low of $21.07 and a 52 week high of $40.34. The stock has a 50-day moving average of $37.54 and a 200-day moving average of $35.96. The company has a market cap of $15.301 billion and a price-to-earnings ratio of 74.22. Cabot Oil & Gas Corp. also was the recipient of some unusual options trading on Monday. Stock traders bought 6,405 put options on the company. This represents an increase of approximately 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 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 $0.77 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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