Citigroup Raises Cabot Oil & Gas (NYSE:COG) Price Target to $28.00

Cabot Oil & Gas (NYSE:COG) had its price objective increased by Citigroup from $28.00 to $28.00 in a report released on Monday, LiveTradingNews reports. They currently have a buy rating on the oil and gas exploration company’s stock.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Co began coverage on Forestar Group in a research note on Monday. They set an outperform rating and a $23.00 price objective for the company. TD Securities lifted their price objective on Ensign Energy Services from C$7.50 to C$8.50 and gave the company a buy rating in a research note on Tuesday, April 9th. Zacks Investment Research cut GreenTree Hospitality Group from a buy rating to a hold rating in a research note on Monday, May 20th. Williams Capital reiterated a hold rating and set a $28.00 price objective on shares of Cabot Oil & Gas in a research note on Sunday, April 21st. Finally, Morgan Stanley set a $23.00 price objective on Cabot Oil & Gas and gave the company a hold rating in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $28.72.

NYSE:COG traded down $0.22 during trading hours on Monday, reaching $23.81. 3,006,251 shares of the company traded hands, compared to its average volume of 6,013,104. The firm has a 50-day moving average price of $24.29. The firm has a market capitalization of $9.96 billion, a PE ratio of 20.96, a P/E/G ratio of 0.85 and a beta of 0.53. Cabot Oil & Gas has a 1 year low of $20.94 and a 1 year high of $27.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.83 and a quick ratio of 2.75.

Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings data on Friday, April 26th. The oil and gas exploration company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.09. The business had revenue of $641.70 million during the quarter, compared to analysts’ expectations of $674.71 million. Cabot Oil & Gas had a return on equity of 31.52% and a net margin of 29.81%. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. As a group, analysts anticipate that Cabot Oil & Gas will post 1.85 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Meridian Wealth Management LLC acquired a new stake in Cabot Oil & Gas during the 1st quarter valued at $25,000. Paragon Capital Management LLC acquired a new position in shares of Cabot Oil & Gas in the first quarter worth approximately $26,000. Carroll Financial Associates Inc. lifted its stake in shares of Cabot Oil & Gas by 192.9% in the first quarter. Carroll Financial Associates Inc. now owns 1,201 shares of the oil and gas exploration company’s stock worth $31,000 after acquiring an additional 791 shares during the period. Pearl River Capital LLC acquired a new position in Cabot Oil & Gas in the first quarter valued at approximately $32,000. Finally, Advisory Services Network LLC acquired a new position in Cabot Oil & Gas in the fourth quarter valued at approximately $40,000. 98.33% of the stock is 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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