Raymond James upgraded Cabot Oil & Gas (NYSE:COG) from Market Perform to Strong Buy in a statement released earlier today.
- Updated: September 23, 2016
Having a price of $25.57, Cabot Oil & Gas (NYSE:COG) traded 1.25% higher on the day. With the last close up 7.12% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $25.12 and a 200-day moving average of $24.17. Volume of trade was down over the average, with 295,112 shares of COG changing hands under the typical 5,160,790
Raymond James has upgraded Cabot Oil & Gas (NYSE:COG) from Market Perform to Strong Buy in a statement released on 9/23/2016.
Previously on 9/01/2016, Barclays Capital released a statement about Cabot Oil & Gas (NYSE:COG) bumped up the target price from $22.00 to $23.00 that suggested a downside of -0.07%.
Recent Performance Chart
With a market capitalization of $0, Cabot Oil & Gas has one year low of $14.88 and a one year high of $26.74 .
A total of 32 brokerages have issued a ratings update on the company. Seven analysts rating the company a strong buy, 10 firms rating the company a buy, nineteen brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average target of $25.19.
More 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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