Investment Analysts’ Weekly Ratings Updates for Cabot Oil & Gas (COG)

Cabot Oil & Gas (NYSE: COG) recently received a number of ratings updates from brokerages and research firms:

  • 3/19/2018 – Cabot Oil & Gas was given a new $25.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 3/14/2018 – Cabot Oil & Gas was given a new $36.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 3/13/2018 – Cabot Oil & Gas was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cabot Oil & Gas' large acreage holdings in the fast-growing Marcellus and the Eagle Ford Shale supports several years of drilling. We believe Cabot’s execution success, continued expense management and improving well economics will further enhance its outlook. A relatively low risk profile and longer reserve lives are other positives. Recently, the company gave investors another reason to cheer after it announced an increase to its dividend. However, being a natural gas-weighted company, Cabot continues to reel under the effects of the commodity's price struggles. As it is, delays in the development of the Constitution pipeline keep us worried. Considering these factors, we see limited upside from current levels that forms the basis of our cautious stance.”
  • 3/7/2018 – Cabot Oil & Gas is now covered by analysts at UBS. They set a “neutral” rating and a $28.00 price target on the stock.
  • 3/6/2018 – Cabot Oil & Gas was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Buy-rated Cabot Oil & Gas shares have outperformed the Zacks U.S. E&P industry over the last year (+11.3% vs. -14.5%). Cabot's large acreage holdings in the fast-growing Marcellus Shale and the Eagle Ford Shale supports several years of drilling. We believe Cabot’s execution success, continued expense management and improving well economics will further enhance its outlook. A relatively low risk profile and longer reserve lives are other positives. Overall, Cabot’s diversified asset portfolio should help it generate steady production growth going forward. Recently, the company gave investors another reason to cheer after it announced an increase to its dividend. Consequently, we think Cabot offers substantial upside potential from the current price levels and view it as a preferred energy play to own now.”
  • 2/27/2018 – Cabot Oil & Gas was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Cabot Oil & Gas' large acreage holdings in the fast-growing Marcellus and the Eagle Ford Shale supports several years of drilling. We believe Cabot’s execution success, continued expense management and improving well economics will further enhance its outlook. A relatively low risk profile and longer reserve lives are other positives. Recently, the company gave investors another reason to cheer after it announced an increase to its dividend. However, being a natural gas-weighted company, Cabot continues to reel under the effects of the commodity's price struggles. As it is, delays in the development of the Constitution pipeline keep us worried. Considering these factors, we see limited upside from current levels that forms the basis of our cautious stance.”
  • 2/27/2018 – Cabot Oil & Gas had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $31.00 price target on the stock.
  • 2/23/2018 – Cabot Oil & Gas was given a new $30.00 price target on by analysts at Williams Capital. They now have a “hold” rating on the stock.
  • 2/12/2018 – Cabot Oil & Gas was upgraded by analysts at Tudor Pickering from a “hold” rating to a “buy” rating.
  • 2/5/2018 – Cabot Oil & Gas was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/24/2018 – Cabot Oil & Gas was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Shares of Cabot have surged 25% in the last twelve months, mirroring the broader industry's increase. Cabot's large acreage holdings in the fast-growing Marcellus Shale and the Eagle Ford Shale supports several years of drilling. We believe COG’s execution success, continued expense management and improving well economics will further enhance its outlook. A relatively low risk profile and longer reserve lives are other positives. Overall, Cabot’s diversified asset portfolio should help it generate steady production growth going forward. Therefore, we see Cabot as an attractive investment.”
  • 1/23/2018 – Cabot Oil & Gas was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Cabot's large acreage holdings in the fast-growing Marcellus Shale and the Eagle Ford Shale supports several years of drilling. We believe COG’s execution success, continued expense management and improving well economics will further enhance its outlook. A relatively low risk profile and longer reserve lives are other positives. Overall, Cabot’s diversified asset portfolio should help it generate steady production growth going forward. However, being a natural gas-weighted company, Cabot continues to reel under the effects of the commodity's price struggles as reflected by its failure to beat estimates in 9 of the last 10 quarters. As it is, delays in the development of the Constitution pipeline keep us worried. Considering these factors, we see limited upside from current levels that forms the basis of our cautious stance.”
  • 1/21/2018 – Cabot Oil & Gas was given a new $35.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.

Cabot Oil & Gas stock traded down $0.64 on Monday, reaching $24.35. The company’s stock had a trading volume of 5,659,993 shares, compared to its average volume of 5,529,777. The stock has a market cap of $11,515.05, a P/E ratio of 110.69, a P/E/G ratio of 0.75 and a beta of 0.45. Cabot Oil & Gas Co. has a one year low of $21.40 and a one year high of $29.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.21 and a quick ratio of 1.20.

Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings data on Friday, February 23rd. The oil and gas exploration company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. The company had revenue of $400.50 million for the quarter, compared to the consensus estimate of $422.12 million. Cabot Oil & Gas had a return on equity of 8.60% and a net margin of 5.69%. Cabot Oil & Gas’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. equities analysts anticipate that Cabot Oil & Gas Co. will post 1.11 EPS for the current year.

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.

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