Cabot Oil & Gas Co. Receives Average Rating of “Buy” from Analysts (NYSE:COG)
Cabot Oil & Gas Co. (NYSE:COG) has earned a consensus recommendation of “Buy” from the twenty-seven brokerages that are presently covering the company, Analyst RN reports. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $50.76.
A number of analysts have recently weighed in on COG shares. Analysts at KLR downgraded shares of Cabot Oil & Gas Co. from a “buy” rating to an “accumulate” rating in a research note on Friday. They now have a $42.00 price target on the stock. Separately, analysts at KLR Group downgraded shares of Cabot Oil & Gas Co. from a “buy” rating to an “accumulate” rating in a research note on Friday. Finally, analysts at Societe Generale upgraded shares of Cabot Oil & Gas Co. from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $43.00 price target on the stock.
Shares of Cabot Oil & Gas Co. (NYSE:COG) opened at 37.97 on Friday. Cabot Oil & Gas Co. has a 52-week low of $31.79 and a 52-week high of $41.78. The stock has a 50-day moving average of $34.17 and a 200-day moving average of $36.07. The company has a market cap of $15.811 billion and a P/E ratio of 57.53. Cabot Oil & Gas Co. also was the target of a significant increase in short interest in January. As of March 31st, there was short interest totalling 15,384,247 shares, an increase of 35.3% from the March 14th total of 11,374,424 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average daily trading volume, of 8,398,559 shares, the days-to-cover ratio is currently 1.8 days.
Cabot Oil & Gas Co. (NYSE:COG) last announced its earnings results on Thursday, April 24th. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.26. The company had revenue of $509.80 million for the quarter, compared to the consensus estimate of $524.35 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 36.6% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Co. will post $1.16 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.