Cabot Oil & Gas Corporation (COG): Price Target and June Short Interest Disclosure

Cabot Oil & Gas Corporation (COG) : 16 Wall Street analysts covering Cabot Oil & Gas Corporation (COG) believe that the average level the stock could reach for the short term is $27.19. The maximum price target given is $33 and the minimum target for short term is around $20, hence the standard deviation is calculated at $3.9.

Cabot Oil & Gas Corporation (COG), According to the latest information the short interest in Cabot Oil & Gas Corporation shot up by 7.3% or 1,263,804 shares. The final shorts are 4.1% of the total floated shares. The positions increased from 17,383,513 shares on June 15,2016 to 18,647,317 on June 30,2016. According to the per-day average trading of 4,565,897 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Deutsche Bank maintains its view on Cabot Oil & Gas Corporation (NYSE:COG) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank lowers the price target from $24 per share to $23 per share on Cabot Oil & Gas Corporation. The rating by the firm was issued on June 14, 2016.


Cabot Oil & Gas Corporation (NYSE:COG): On Thursdays trading session , Opening price of the stock was $26.14 with an intraday high of $26.14. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.205. However, the stock managed to close at $25.21, a loss of 1.91% for the day. On the previous day, the stock had closed at $25.7. The total traded volume of the day was 2,515,867 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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