Price Target Update on Cabot Oil & Gas Corporation (NYSE:COG)

Cabot Oil & Gas Corporation (NYSE:COG) : Average target price received by Cabot Oil & Gas Corporation (NYSE:COG) is $26.81 with an expected standard deviation of $3.51. The most aggressive target on the stock is $31, whereas the most downbeat target is $20. 16 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Deutsche Bank maintains their rating on the shares of Cabot Oil & Gas Corporation (NYSE:COG). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $23 per share from $24 per share. The rating by the firm was issued on June 14, 2016.

Cabot Oil & Gas Corporation (NYSE:COG): stock turned positive on Thursday. Though the stock opened at $25.39, the bulls momentum made the stock top out at $25.5 level for the day. The stock recorded a low of $25.09 and closed the trading day at $25.25, in the green by 0.08%. The total traded volume for the day was 2,472,261. The stock had closed at $25.23 in the previous days trading.

The company shares have dropped -20.93% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $32.35 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $24.31 and the 200 Day Moving Average price is recorded at $21.22. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Cabot Oil & Gas Corp, Boswell Robert S had purchased shares worth of $121,750 in a transaction dated on May 5, 2016. A total of 5,000 shares were purchased at a price of $24.35 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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