Cabot Oil & Gas (COG) Stock Rating Upgraded by Jefferies Financial Group

Jefferies Financial Group upgraded shares of Cabot Oil & Gas (NYSE:COG) from a hold rating to a buy rating in a research report report published on Monday, MarketBeat reports. They currently have $29.00 price objective on the oil and gas exploration company’s stock, up from their prior price objective of $25.00.

A number of other research analysts have also weighed in on the company. Bank of America raised Cabot Oil & Gas to a buy rating and set a $32.00 target price on the stock in a report on Thursday, December 20th. Citigroup upgraded Cabot Oil & Gas from a neutral rating to a buy rating in a research note on Friday, December 21st. Williams Capital set a $27.00 price target on Cabot Oil & Gas and gave the company a hold rating in a research note on Wednesday, December 12th. JPMorgan Chase & Co. set a $32.00 price target on Cabot Oil & Gas and gave the company a buy rating in a research note on Friday, December 7th. Finally, MKM Partners started coverage on Cabot Oil & Gas in a research note on Wednesday, December 5th. They issued a neutral rating and a $27.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $28.83.

COG stock opened at $23.85 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58. The company has a market cap of $9.97 billion, a P/E ratio of 49.69 and a beta of 0.39. Cabot Oil & Gas has a 1-year low of $20.94 and a 1-year high of $29.22.

Cabot Oil & Gas (NYSE:COG) last posted its earnings results on Friday, October 26th. The oil and gas exploration company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $545.10 million for the quarter, compared to analyst estimates of $482.74 million. Cabot Oil & Gas had a return on equity of 14.87% and a net margin of 12.69%. The firm’s revenue was up 41.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. Equities analysts forecast that Cabot Oil & Gas will post 1.09 EPS for the current year.

Several large investors have recently added to or reduced their stakes in COG. Capital World Investors lifted its position in shares of Cabot Oil & Gas by 14.6% during the 3rd quarter. Capital World Investors now owns 47,588,258 shares of the oil and gas exploration company’s stock valued at $1,071,688,000 after acquiring an additional 6,064,016 shares during the period. Mackenzie Financial Corp lifted its position in shares of Cabot Oil & Gas by 2,315.2% during the 3rd quarter. Mackenzie Financial Corp now owns 5,035,555 shares of the oil and gas exploration company’s stock valued at $113,401,000 after acquiring an additional 4,827,058 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Cabot Oil & Gas by 59.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,968,674 shares of the oil and gas exploration company’s stock valued at $261,055,000 after acquiring an additional 4,087,096 shares during the period. Franklin Resources Inc. lifted its position in shares of Cabot Oil & Gas by 28.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,743,307 shares of the oil and gas exploration company’s stock valued at $174,379,000 after acquiring an additional 1,706,907 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of Cabot Oil & Gas by 67.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,410,628 shares of the oil and gas exploration company’s stock valued at $81,173,000 after acquiring an additional 1,374,966 shares during the period. Hedge funds and other institutional investors own 94.88% of the company’s stock.

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 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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

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