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Equities researchers at Deutsche Bank hoisted their price target on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $42.00 to $45.00 in a research report issued on Friday, American Banking News.com reports. Deutsche Bank’s target price suggests a potential upside of 12.56% from the stock’s previous close.

Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded up 0.65% during mid-day trading on Friday, hitting $39.98. The stock had a trading volume of 4,302,961 shares. Cabot Oil & Gas Corp. has a one year low of $26.18 and a one year high of $40.94. The stock’s 50-day moving average is $38.23 and its 200-day moving average is $36.94. The company has a market cap of $16.838 billion and a P/E ratio of 69.68.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of 0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Wednesday, January 29th.

Several other analysts have also recently commented on the stock. Analysts at KLR Group downgraded shares of Cabot Oil & Gas Corp. from a “buy” rating to an “accumulate” rating in a research note to investors on Wednesday. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cabot Oil & Gas Corp. in a research note to investors on Monday, January 6th. They now have a $40.00 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Cabot Oil & Gas Corp. in a research note to investors on Monday, December 16th. They set an “outperform” rating and a $47.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $54.64.

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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