Cabot Oil & Gas Stock Rating price target by Bank of America: Cabot Oil & Gas (NYSE: COG) was upgraded by equities researchers at Bank of America to a “buy” rating in a report issued on Thursday, Stock Ratings Network reports.
Cabot Oil & Gas (NYSE: COG) opened at 63.96 on Thursday. Cabot Oil & Gas has a 1-year low of $29.20 and a 1-year high of $71.39. The stock’s 50-day moving average is currently $66.10. The company has a market cap of $13.433 billion and a price-to-earnings ratio of 103.16.
Cabot Oil & Gas (NYSE: COG) last released its earnings data on Thursday, February 21st. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.06. The company had revenue of $369.88 million for the quarter, compared to the consensus estimate of $348.70 million. During the same quarter last year, the company posted $0.20 earnings per share. Cabot Oil & Gas’s revenue was up 38.0% compared to the same quarter last year. Analysts expect that Cabot Oil & Gas will post $1.42 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Cabot Oil & Gas from $90.00 to $95.00 in a research note to investors on Monday. Separately, analysts at Societe Generale raised their price target on shares of Cabot Oil & Gas from $53.00 to $73.00 in a research note to investors on Thursday, April 11th. They now have a “hold” rating on the stock. Finally, analysts at Raymond James upgraded shares of Cabot Oil & Gas from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, April 8th.
Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $65.32.
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties.