Cabot Oil & Gas (NYSE:COG) target bumped up to $39.00, issued a ratings update earlier today by GMP Securities
- Updated: October 2, 2016
Reporting a potential upside of 0.60%, GMP Securities upped the price target of Cabot Oil & Gas (NYSE:COG) to $39.00
Having a price of $24.34, Cabot Oil & Gas (NYSE:COG) traded 1.30% higher on the day. The last closing price is up 6.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $25.26 and a 200-day moving average of $24.32. 4,747,168 shares of COG traded hands, down from an average trading volume of 5,274,160
Recent Performance Chart
Cabot Oil & Gas has 52 week low of $14.88 and a 52 week high of $26.74 and has a total market value of $0.
A total of 32 equity analysts have released a ratings update on COG. Seven equity analysts rating the company a strong buy, ten brokerages rating the company a buy, nineteen brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $25.19.
General Information About Cabot Oil & Gas (NYSE:COG)
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs. The Company's exploration, development and production operations are primarily concentrated in two unconventional plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. It also has operations in various other unconventional and conventional plays throughout the continental United States. It has operations in Houston, Texas and Pittsburgh, Pennsylvania. Its Marcellus Shale properties are principally located in Susquehanna County, Pennsylvania. It holds over 200,000 net acres in the dry gas window of the play.
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