Cabot Oil & Gas (COG) Earns “Hold” Rating from Williams Capital

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Cabot Oil & Gas (NYSE:COG)‘s stock had its “hold” rating reaffirmed by research analysts at Williams Capital in a report released on Friday. They currently have a $27.00 price target on the oil and gas exploration company’s stock. Williams Capital’s target price indicates a potential upside of 10.02% from the stock’s previous close.

Several other research firms have also issued reports on COG. ValuEngine raised shares of Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Citigroup raised shares of Cabot Oil & Gas from a “neutral” rating to a “buy” rating in a report on Friday, December 21st. MKM Partners started coverage on shares of Cabot Oil & Gas in a report on Wednesday, December 5th. They issued a “neutral” rating and a $27.00 target price for the company. Zacks Investment Research raised shares of Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, November 27th. Finally, Morgan Stanley increased their target price on shares of Cabot Oil & Gas from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, October 29th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $28.29.

Shares of NYSE:COG opened at $24.54 on Friday. Cabot Oil & Gas has a twelve month low of $20.94 and a twelve month high of $27.40. 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 capitalization of $10.76 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 0.33 and a beta of 0.54.

Several hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. lifted its position in Cabot Oil & Gas by 97.2% in the fourth quarter. Whittier Trust Co. now owns 1,430 shares of the oil and gas exploration company’s stock worth $32,000 after buying an additional 705 shares during the last quarter. Advisory Services Network LLC bought a new stake in Cabot Oil & Gas in the fourth quarter worth $40,000. Lavaca Capital LLC bought a new stake in Cabot Oil & Gas in the fourth quarter worth $45,000. JOYN Advisors Inc. lifted its position in Cabot Oil & Gas by 31.2% in the fourth quarter. JOYN Advisors Inc. now owns 2,151 shares of the oil and gas exploration company’s stock worth $48,000 after buying an additional 511 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Cabot Oil & Gas by 2,028.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,071,615 shares of the oil and gas exploration company’s stock worth $48,000 after buying an additional 1,021,260 shares during the last quarter. 94.88% of the stock is owned by hedge funds and other institutional investors.

About Cabot Oil & Gas

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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