Cabot Oil & Gas Corporation (COG) : Zacks Investment Research ranks Cabot Oil & Gas Corporation (COG) as 3, which is a Hold 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) : Currently there are 16 street experts covering Cabot Oil & Gas Corporation (COG) stock. The most bullish and bearish price target for the stock is $34 and $22 respectively for the short term. The average price target of all the analysts comes to $28.75. The estimated standard deviation from the target is $3.36.
For the current week, the company shares have a recommendation consensus of Buy. 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 $24.28 and $24.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.56, notching a gain of 2.29% for the day. The total traded volume was 5,268,650 . The stock had closed at $24.01 on the previous day.
In a related news, Cunningham George Kevin, Officer (Vice Pres. & General Counsel) of CABOT OIL & GAS CORP, unloaded 6,178 shares at an average price of $25.32 on June 21, 2016. The total amount of the transaction was worth $156,427, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.