Cabot Oil & Gas Corporation (NYSE:COG) announced the election of Ms. Dorothy M. Ables and Mr. Robert S. Boswell to its Board of Directors, effective immediately.  The addition of Ms. Ables and Mr. Boswell to the Board will bring the total to seven directors, with six qualifying as independent directors.

Ms. Ables is Chief Administrative Officer of Spectra Energy Corp, a position she has held since 2008 having been promoted from Vice President, Audit Services and Chief Ethics and Compliance Officer.  She has held positions of increasing responsibility during her 30 years at Spectra Energy and predecessor companies including Vice President, Audit Services and Chief Compliance Officer at Duke Energy and Senior Vice President and Chief Financial Officer for Duke Energy Gas Transmission.  She also serves on the Board of Directors for Spectra Energy’s publicly traded master limited partnership, Spectra Energy Partners.  Ms. Ables has a BBA in Accounting from The University of Texas at Austin.

Mr. Boswell is Chairman and Chief Executive Officer of Laramie Energy II, LLC, a privately held oil and gas exploration and production company headquartered in Denver, Colorado. Laramie Energy II, LLC was formed in June 2007, after the sale of its predecessor company, Laramie Energy I, and conducts its operations solely in the Piceance Basin of western Colorado through its subsidiary, Piceance Energy, LLC.  Prior to starting Laramie I in 2004, he was Chairman and Chief Executive Officer of Forest Oil Corporation, a public exploration and production company that eventually merged with privately-held Sabine Oil & Gas LLC in 2014.  Prior to his fourteen years with Forest Oil, Mr. Boswell spent most of his career with Adams Affiliates as Chief Financial Officer and ultimately as its Chief Operating Officer and President.  He has a BE in Chemical Engineering, Magna Cum Laude, from Vanderbilt University and an MBA from The University of Texas.  Mr. Boswell is currently a director of Enerflex Ltd., a Canadian public company that manufactures and sells natural gas transmission and process equipment worldwide.

“I am extremely pleased to be able to add two high caliber individuals to our Board who will provide critical knowledge to the Company from their vast backgrounds,” stated Dan O. Dinges, Chairman, President and Chief Executive Officer.  “Dorothy brings tremendous insight in the midstream space at a time when the development of natural gas infrastructure throughout the United States, especially in the Northeast, is most critical for our path forward.” Dinges added, “Bob brings a significant level of expertise and an in-depth understanding of oil and gas operations to Cabot’s Board.  His addition to the Board is particularly timely with the scheduled 2016 retirement of Robert Keiser who has provided operations insight to the Board since February 2006.” (Original Source)

Shares of Cabot Oil & Gas closed yesterday at $18.60, down $0.23 or -1.22%. COG has a 1-year high of $35.64 and a 1-year low of $18.31. The stock’s 50-day moving average is $21.40 and its 200-day moving average is $26.17.

On the ratings front, Cabot Oil & Gas has been the subject of a number of recent research reports. In a report issued on October 26, Topeka analyst Gabriele Sorbara reiterated a Buy rating on COG, with a price target of $30, which implies an upside of 61.3% from current levels. Separately, on October 23, Nomura’s Lloyd Byrne maintained a Hold rating on the stock and has a price target of $28.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Gabriele Sorbara and Lloyd Byrne have a total average return of -10.0% and -19.2% respectively. Sorbara has a success rate of 40.0% and is ranked #3570 out of 3644 analysts, while Byrne has a success rate of 0.0% and is ranked #3187.

Overall, 2 research analysts have assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $27.00 which is 45.2% above where the stock closed yesterday.

Cabot Oil & Gas Corp is an independent oil and gas company engaged in the development and exploration of oil and gas properties located in North America.