Cabot Oil & Gas Corporation (COG) Receives Price Target

Cabot Oil & Gas Corporation (COG) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $38 and the lowest price target forecast is $22. The average forecast of all the analysts is $29.59 and the expected standard deviation is $4.17.

Cabot Oil & Gas Corporation (COG) : 21 analysts are covering Cabot Oil & Gas Corporation (COG) and their average rating on the stock is 1.76, which is read as a Buy. 13 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, In the latest statement by the brokerage house, Drexel Hamilton maintains its outlook on Cabot Oil & Gas Corporation (NYSE:COG). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $31 per share to $35 per share. The rating by the firm was issued on August 15, 2016.

Cabot Oil & Gas Corporation (NYSE:COG): The stock opened at $24.44 on Thursday but the bulls could not build on the opening and the stock topped out at $24.80 for the day. The stock traded down to $24.21 during the day, due to lack of any buying support eventually closed down at $24.46 with a loss of -0.69% for the day. The stock had closed at $24.63 on the previous day. The total traded volume was 5,155,734 shares.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Companys exploration, development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. The Companys Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County, Pennsylvania. The Companys properties in the Eagle Ford Shale are principally located in Atascosa, Frio and La Salle Counties, Texas. The Company also has operations in various other unconventional and conventional plays throughout the continental United States, including the Utica Shale in Pennsylvania; the Cotton Valley, Haynesville, Bossier, and James Lime formations in east Texas, and the Devonian Shale, Big Lime, Weir and Berea in West Virginia.

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