Cabot Oil & Gas Co. Given Average Rating of “Hold” by Brokerages (NYSE:COG)
Shares of Cabot Oil & Gas Co. (NYSE:COG) have been given an average recommendation of “Hold” by the twenty-five ratings firms that are presently covering the stock, American Banking News.com reports. Fourteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $40.65.
COG has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Cabot Oil & Gas Co. in a research note on Friday, August 22nd. They now have a $35.00 price target on the stock. Separately, analysts at S&P Equity Research raised their price target on shares of Cabot Oil & Gas Co. from $0.31 to $0.67 in a research note on Friday, August 22nd. They now have an “average” rating on the stock. Finally, 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, August 22nd. They now have a $38.00 price target on the stock.
Shares of Cabot Oil & Gas Co. (NYSE:COG) opened at 33.28 on Wednesday. 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 $33.53 and a 200-day moving average of $35.1. The company has a market cap of $13.888 billion and a P/E ratio of 37.44.
Cabot Oil & Gas Co. (NYSE:COG) last released its earnings data on Thursday, July 24th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Co. will post $1.14 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.
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