Short Term Price Target on Cabot Oil & Gas Corporation (COG)

Cabot Oil & Gas Corporation (NYSE:COG) : 16 investment research analysts covering Cabot Oil & Gas Corporation (NYSE:COG) have an average price target of $26.81 for the near short term. The highest target price given by the Brokerage Firm to the stock is $31 and the lowest target is $20 for the short term. Analysts expect the variance to be within $3.51 of the average price.

Shares of Cabot Oil & Gas Corporation rose by 1.94% in the last five trading days and 4.34% for the last 4 weeks. Cabot Oil & Gas Corporation is up 14.44% in the last 3-month period. Year-to-Date the stock performance stands at 45.77%. Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Cabot Oil & Gas Corporation (NYSE:COG). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank lowers the price target from $24 per share to $23 per share. The rating by the firm was issued on June 14, 2016.

Cabot Oil & Gas Corporation (NYSE:COG) : 21 analysts are covering Cabot Oil & Gas Corporation (NYSE:COG) and their average rating on the stock is 2.05, which is read as a Buy. 10 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 11 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Cabot Oil & Gas Corporation (NYSE:COG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.33 and $25.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.74, notching a gain of 1.38% for the day. The total traded volume was 5,241,368 . The stock had closed at $25.39 on the previous day.

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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