Cabot Oil & Gas Corporation (COG) has an average broker rating of 1.76, which is interpreted as a Buy, as rated by 21 equity analysts. Nonetheless, 13 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Cabot Oil & Gas Corporation (COG) stock is expected to deviate a maximum of $4.06 from the average target price of $29.65 for the short term period. 17 Street Experts have initiated coverage on the stock with the most promising target being $38 and the most muted being $23.
Also, Barclays 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 Equal-weight by the stock experts at the ratings house. Barclays raises the price target from $22 per share to $23 per share on Cabot Oil & Gas Corporation. The rating by the firm was issued on September 1, 2016.
Cabot Oil & Gas Corporation (NYSE:COG): The stock opened in the green at $25.15 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $25.27 and a low of $24.78 for the day. The stock did not find buyers even at the lows and closed at $25.04 recording a loss of -0.20%. 5,444,628 shares exchanged hands during the trading day. The stock had closed at $25.09 in the previous days trading.
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.