Cabot Oil & Gas (NYSE:COG) has been given a $35.00 price objective by investment analysts at KeyCorp in a research report issued on Sunday, January 21st. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. KeyCorp’s target price indicates a potential upside of 45.83% from the stock’s previous close. KeyCorp also issued estimates for Cabot Oil & Gas’ Q4 2017 earnings at $0.11 EPS, FY2017 earnings at $0.47 EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.38 EPS and FY2018 earnings at $1.20 EPS.
Several other research firms have also recently weighed in on COG. JPMorgan Chase & Co. set a $37.00 price target on Cabot Oil & Gas and gave the stock a “buy” rating in a report on Monday, November 27th. Barclays boosted their price target on Cabot Oil & Gas from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Scotiabank restated a “buy” rating on shares of Cabot Oil & Gas in a report on Wednesday, November 22nd. Zacks Investment Research cut Cabot Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Drexel Hamilton cut Cabot Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Cabot Oil & Gas presently has a consensus rating of “Hold” and an average target price of $31.53.
Cabot Oil & Gas (NYSE:COG) traded up $0.27 during trading on Friday, reaching $24.00. The company’s stock had a trading volume of 5,864,030 shares, compared to its average volume of 5,520,000. Cabot Oil & Gas has a 1 year low of $21.40 and a 1 year high of $29.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64. The company has a market capitalization of $11,100.00, a PE ratio of -75.00, a PEG ratio of 0.64 and a beta of 0.39.
A number of institutional investors and hedge funds have recently modified their holdings of COG. Westwood Holdings Group Inc. acquired a new position in Cabot Oil & Gas in the second quarter valued at approximately $100,000. Advisors Asset Management Inc. acquired a new position in Cabot Oil & Gas in the third quarter valued at approximately $130,000. MHI Funds LLC acquired a new position in Cabot Oil & Gas in the fourth quarter valued at approximately $147,000. Avestar Capital LLC acquired a new position in Cabot Oil & Gas in the fourth quarter valued at approximately $151,000. Finally, Pinebridge Investments L.P. acquired a new position in Cabot Oil & Gas in the second quarter valued at approximately $163,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
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Cabot Oil & Gas Company Profile
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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