Analyst Rating Update on Cabot Oil & Gas Corporation (COG)

Cabot Oil & Gas Corporation (COG) : Zacks Investment Research ranks Cabot Oil & Gas Corporation (COG) as 2, which is a Buy recommendation. 11 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 1.95, which indicates as a Buy.

Cabot Oil & Gas Corporation (COG) : Average target price received by Cabot Oil & Gas Corporation (COG) is $28.63 with an expected standard deviation of $3.65. The most aggressive target on the stock is $34, whereas the most downbeat target is $20. 16 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Deutsche Bank maintains its rating on Cabot Oil & Gas Corporation (NYSE:COG). As per the latest information, the brokerage house lowers the price target to $23 per share from a prior target of $24. The shares have been rated Hold. The rating by the firm was issued on June 14, 2016.


Cabot Oil & Gas Corporation (NYSE:COG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.05 and $23.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.42, notching a gain of 1.75% for the day. The total traded volume was 6,285,187 . The stock had closed at $24.00 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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