Cabot Oil & Gas Co. Raised to Buy at Stifel Nicolaus (COG)
Cabot Oil & Gas Co. (NYSE:COG) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $39.00 target price on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 16.28% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on COG. 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. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Cabot Oil & Gas Co. presently has an average rating of “Hold” and an average price target of $40.79.
Cabot Oil & Gas Co. (NYSE:COG) traded down 0.97% on Tuesday, hitting $33.215. 2,660,462 shares of the company’s stock traded hands. 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 $33.39 and a 200-day moving average of $35.02. The company has a market cap of $13.860 billion and a price-to-earnings ratio of 37.73.
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. 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.
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