Stifel Nicolaus Increases Cabot Oil & Gas Corp. Price Target to $45.00 (COG)
Equities researchers at Stifel Nicolaus upped their target price on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $42.50 to $45.00 in a research report issued on Friday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 21.69% from the stock’s previous close.
Cabot Oil & Gas Corp. (NYSE:COG) traded up 6.14% on Friday, hitting $36.98. 10,416,848 shares of the company’s stock traded hands. Cabot Oil & Gas Corp. has a 1-year low of $20.225 and a 1-year high of $39.97. The stock’s 50-day moving average is $38.3 and its 200-day moving average is $35.31. The company has a market cap of $15.558 billion and a price-to-earnings ratio of 71.10.
Cabot Oil & Gas Corp. (NYSE:COG) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.01. The company had revenue of $435.85 million for the quarter, compared to the consensus estimate of $450.81 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 46.8% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Corp. will post $0.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 19th. Investors of record on Thursday, November 7th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Tuesday, November 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG raised their price target on shares of Cabot Oil & Gas Corp. from $36.00 to $38.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Global Hunter Securities upgraded shares of Cabot Oil & Gas Corp. from a “neutral” rating to an “accumulate” rating in a research note to investors on Wednesday. They now have a $42.00 price target on the stock, up previously from $41.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Cabot Oil & Gas Corp. in a research note to investors on Monday, October 21st. They now have a $38.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $57.61.
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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