Cabot Oil & Gas (COG) Upgraded to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Cabot Oil & Gas (NYSE:COG) from a hold rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has $29.00 price target on the oil and gas exploration company’s stock, up from their previous price target of $25.00.

Several other research analysts have also commented on COG. Morgan Stanley lowered Cabot Oil & Gas from an overweight rating to an equal weight rating and decreased their target price for the stock from $29.00 to $23.00 in a research report on Wednesday, September 26th. Piper Jaffray Companies set a $26.00 target price on Cabot Oil & Gas and gave the stock a buy rating in a research report on Monday, October 8th. Zacks Investment Research lowered Cabot Oil & Gas from a hold rating to a sell rating in a research report on Tuesday, October 9th. ValuEngine upgraded Cabot Oil & Gas from a sell rating to a hold rating in a research report on Tuesday, October 9th. Finally, Wells Fargo & Co lowered Cabot Oil & Gas from an outperform rating to a market perform rating in a research report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. Cabot Oil & Gas currently has an average rating of Buy and a consensus target price of $28.83.

Shares of COG opened at $24.12 on Monday. The company has a market capitalization of $9.97 billion, a PE ratio of 50.25 and a beta of 0.39. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.58. Cabot Oil & Gas has a 52 week low of $20.94 and a 52 week high of $28.95.

Cabot Oil & Gas (NYSE:COG) last issued its earnings results on Friday, October 26th. The oil and gas exploration company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $545.10 million during the quarter, compared to analyst estimates of $482.74 million. Cabot Oil & Gas had a return on equity of 14.87% and a net margin of 12.69%. Cabot Oil & Gas’s revenue was up 41.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. Equities analysts expect that Cabot Oil & Gas will post 1.09 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co bought a new stake in shares of Cabot Oil & Gas in the 4th quarter worth approximately $98,000. Cerebellum GP LLC lifted its holdings in shares of Cabot Oil & Gas by 198.9% in the 3rd quarter. Cerebellum GP LLC now owns 7,671 shares of the oil and gas exploration company’s stock worth $173,000 after purchasing an additional 5,105 shares during the last quarter. Avestar Capital LLC lifted its holdings in shares of Cabot Oil & Gas by 40.6% in the 3rd quarter. Avestar Capital LLC now owns 10,124 shares of the oil and gas exploration company’s stock worth $209,000 after purchasing an additional 2,924 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of Cabot Oil & Gas in the 2nd quarter worth approximately $215,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in Cabot Oil & Gas during the 3rd quarter valued at $228,000. 94.88% of the stock is currently owned by institutional investors and hedge funds.

About Cabot Oil & Gas

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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Analyst Recommendations for Cabot Oil & Gas (NYSE:COG)

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