Stock analysts at Jefferies Group raised their price objective on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $47.00 to $50.00 in a report issued on Tuesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 42.49% from the company’s current price.
A number of other firms have also recently commented on COG. Analysts at Barclays Capital reiterated a “hold” rating on shares of Cabot Oil & Gas Corp. in a research note to investors on Wednesday, October 2nd. They now have a $45.00 price target on the stock. Separately, analysts at Societe Generale raised their price target on shares of Cabot Oil & Gas Corp. from $36.50 to $39.00 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Cabot Oil & Gas Corp. from $42.00 to $44.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Twelve research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $69.47.
Cabot Oil & Gas Corp. (NYSE:COG) traded down 2.04% during mid-day trading on Tuesday, hitting $35.09. 4,639,059 shares of the company’s stock traded hands. Cabot Oil & Gas Corp. has a one year low of $21.07 and a one year high of $40.34. The stock’s 50-day moving average is $37. and its 200-day moving average is $35.88. The company has a market cap of $14.763 billion and a price-to-earnings ratio of 73.10.
Cabot Oil & Gas Corp. (NYSE:COG) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.06. The company had revenue of $449.68 million for the quarter, compared to the consensus estimate of $435.32 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 69.3% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Corp. will post $0.76 earnings per share for the current fiscal year.
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.