Cabot Oil & Gas Corp. Upgraded to Overweight at Barclays (COG)
Cabot Oil & Gas Corp. (NYSE:COG) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Analyst Ratings News reports. The firm currently has a $48.00 target price on the stock, up from their previous target price of $45.00. Barclays’ target price would suggest a potential upside of 21.64% from the company’s current price.
COG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Cabot Oil & Gas Corp. from $42.00 to $45.00 in a research note to investors on Friday. Separately, 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, January 29th. They noted that the move was a valuation call. Finally, 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. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $52.95.
Cabot Oil & Gas Corp. (NYSE:COG) traded down 1.30% during mid-day trading on Monday, hitting $39.46. The stock had a trading volume of 5,629,548 shares. Cabot Oil & Gas Corp. has a 52 week low of $26.22 and a 52 week high of $40.94. The stock has a 50-day moving average of $38.43 and a 200-day moving average of $37.03. The company has a market cap of $16.619 billion and a P/E ratio of 70.14.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of 0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Wednesday, January 29th.
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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