Cabot Oil & Gas (COG) Upgraded by Tudor Pickering to “Buy”

Cabot Oil & Gas (NYSE:COG) was upgraded by Tudor Pickering from a “hold” rating to a “buy” rating in a report issued on Monday, The Fly reports.

Other research analysts have also recently issued research reports about the company. Drexel Hamilton upped their target price on Cabot Oil & Gas from $27.82 to $32.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Williams Capital set a $30.00 target price on Cabot Oil & Gas and gave the company a “hold” rating in a research note on Monday, October 30th. Johnson Rice raised Cabot Oil & Gas from an “accumulate” rating to a “buy” rating in a research note on Monday, October 30th. Finally, BMO Capital Markets set a $33.00 price objective on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.53.

Cabot Oil & Gas (NYSE COG) opened at $23.64 on Monday. The company has a market capitalization of $10,933.70, a P/E ratio of -76.26, a PEG ratio of 0.63 and a beta of 0.39. Cabot Oil & Gas has a 52 week low of $21.40 and a 52 week high of $29.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in shares of Cabot Oil & Gas by 66.9% during the 4th quarter. Bank of New York Mellon Corp now owns 7,019,410 shares of the oil and gas exploration company’s stock valued at $200,757,000 after purchasing an additional 2,813,273 shares during the last quarter. Boston Partners purchased a new stake in shares of Cabot Oil & Gas during the 3rd quarter valued at $64,249,000. Sanders Capital LLC lifted its holdings in shares of Cabot Oil & Gas by 7.2% during the 3rd quarter. Sanders Capital LLC now owns 29,212,930 shares of the oil and gas exploration company’s stock valued at $839,952,000 after purchasing an additional 1,951,907 shares during the last quarter. First Quadrant L P CA lifted its holdings in shares of Cabot Oil & Gas by 15,112.7% during the 4th quarter. First Quadrant L P CA now owns 1,080,100 shares of the oil and gas exploration company’s stock valued at $30,891,000 after purchasing an additional 1,073,000 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Cabot Oil & Gas by 38.4% during the 4th quarter. Schroder Investment Management Group now owns 3,388,535 shares of the oil and gas exploration company’s stock valued at $96,911,000 after purchasing an additional 939,564 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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About Cabot Oil & Gas

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

The Fly

Analyst Recommendations for Cabot Oil & Gas (NYSE:COG)

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