Cabot Oil & Gas Corporation (COG) : Zacks Investment Research ranks Cabot Oil & Gas Corporation (COG) as 3, which is a Hold recommendation. 13 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 1.76, which indicates as a Buy.
Cabot Oil & Gas Corporation (COG) : The most positive equity analysts on Cabot Oil & Gas Corporation (COG) expects the shares to touch $38, whereas, the least positive believes that the stock will trade at $23 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $29.65 with an expected fluctuation of $4.06 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains its rating on Cabot Oil & Gas Corporation (NYSE:COG). The global brokerage major raises the current price target from $22 per share to $23 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The rating by the firm was issued on September 1, 2016.
Cabot Oil & Gas Corporation (NYSE:COG): The stock opened at $24.8 and touched an intraday high of $25.48 on Wednesday. During the day, the stock corrected to an intraday low of $24.8, however, the bulls stepped in and pushed the price higher to close in the green at $25.25 with a gain of 1.94% for the day. The total traded volume for the day was 6,854,234. The stock had closed at $24.77 in the previous trading session.
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.