Share on StockTwits

Equities researchers at S&P Equity Research boosted their price target on shares of Cabot Oil & Gas Co. (NYSE:COG) from $0.31 to $0.67 in a research note issued on Friday. The firm currently has an “average” rating on the stock. S&P Equity Research’s target price would suggest a potential downside of 98.00% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank downgraded shares of Cabot Oil & Gas Co. from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $38.00 price target on the stock. Separately, analysts at Oppenheimer downgraded shares of Cabot Oil & Gas Co. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 28th. They now have a $45.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Cabot Oil & Gas Co. in a research note on Friday, July 25th. They now have a $38.00 price target on the stock, up previously from $37.00. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.93.

Shares of Cabot Oil & Gas Co. (NYSE:COG) traded down 1.97% during mid-day trading on Friday, hitting $32.84. The stock had a trading volume of 1,939,206 shares. Cabot Oil & Gas Co. has a 1-year low of $31.79 and a 1-year high of $41.78. The stock’s 50-day moving average is $33.60 and its 200-day moving average is $35.31. The company has a market cap of $13.704 billion and a price-to-earnings ratio of 37.68. Cabot Oil & Gas Co. also saw some unusual options trading on Wednesday. Investors purchased 6,034 put options on the company. This is an increase of 286% compared to the typical volume of 1,562 put options.

Cabot Oil & Gas Co. (NYSE:COG) last released its earnings data on Thursday, July 24th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.02. The company had revenue of $533.19 million for the quarter, compared to the consensus estimate of $526.03 million. During the same quarter last year, the company posted $0.45 earnings per share. Cabot Oil & Gas Co.’s revenue was up 18.6% compared to the same quarter last year. Analysts expect that Cabot Oil & Gas Co. will post $1.14 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.

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.