Cabot Oil & Gas (NYSE:COG) PT Raised to $28.00

Cabot Oil & Gas (NYSE:COG) had its target price boosted by Citigroup from $28.00 to $28.00 in a research report sent to investors on Monday, LiveTradingNews reports. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Several other equities analysts also recently issued reports on the company. ValuEngine raised Zogenix from a buy rating to a strong-buy rating in a research report on Thursday, June 27th. Cowen set a $27.00 price target on shares of Schnitzer Steel Industries and gave the company a hold rating in a report on Tuesday, April 9th. TD Securities upped their price target on shares of Ensign Energy Services from C$7.50 to C$8.50 and gave the company a buy rating in a report on Tuesday, April 9th. Wells Fargo & Co assumed coverage on shares of Forestar Group in a report on Monday. They issued an outperform rating and a $23.00 price target on the stock. Finally, Zacks Investment Research lowered shares of GreenTree Hospitality Group from a buy rating to a hold rating in a report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Cabot Oil & Gas currently has a consensus rating of Buy and a consensus target price of $28.72.

NYSE COG opened at $23.81 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.75 and a current ratio of 2.83. The firm has a fifty day moving average price of $24.24. Cabot Oil & Gas has a 1 year low of $20.94 and a 1 year high of $27.65. The firm has a market cap of $9.96 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 0.85 and a beta of 0.53.



Cabot Oil & Gas (NYSE:COG) last released its earnings results on Friday, April 26th. The oil and gas exploration company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.09. Cabot Oil & Gas had a return on equity of 31.52% and a net margin of 29.81%. The firm had revenue of $641.70 million for the quarter, compared to the consensus estimate of $674.71 million. During the same period in the prior year, the firm earned $0.28 EPS. The firm’s revenue was up 35.6% on a year-over-year basis. As a group, sell-side analysts predict that Cabot Oil & Gas will post 1.85 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. LPL Financial LLC raised its stake in Cabot Oil & Gas by 14.2% in the 4th quarter. LPL Financial LLC now owns 23,126 shares of the oil and gas exploration company’s stock valued at $517,000 after acquiring an additional 2,869 shares during the period. Stephens Inc. AR raised its stake in Cabot Oil & Gas by 454.5% in the 4th quarter. Stephens Inc. AR now owns 7,320 shares of the oil and gas exploration company’s stock valued at $164,000 after acquiring an additional 6,000 shares during the period. Raymond James & Associates raised its stake in Cabot Oil & Gas by 172.7% in the 4th quarter. Raymond James & Associates now owns 44,508 shares of the oil and gas exploration company’s stock valued at $995,000 after acquiring an additional 28,185 shares during the period. Commonwealth Equity Services LLC bought a new stake in Cabot Oil & Gas in the 4th quarter valued at $552,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Cabot Oil & Gas by 363.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 102,679 shares of the oil and gas exploration company’s stock valued at $2,295,000 after acquiring an additional 80,536 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Cabot Oil & Gas Company Profile

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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

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