Cabot Oil & Gas (COG) Gets a Hold Rating from Morgan Stanley


In a report released today, Drew Venker from Morgan Stanley maintained a Hold rating on Cabot Oil & Gas (COG), with a price target of $26. The company’s shares opened today at $25.27.

According to TipRanks.com, Venker is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.1% and a 29.2% success rate. Venker covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Range Resources Corp.

Cabot Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of $27.71, which is a 9.7% upside from current levels. In a report released today, Goldman Sachs also downgraded the stock to Hold with a $29 price target.

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The company has a one-year high of $29.57 and a one-year low of $20.95. Currently, Cabot Oil & Gas has an average volume of 7.03M.

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Cabot Oil & Gas Corp. engages in the development, exploitation, and exploration of oil and gas properties. It operates through the Marcellus shale in Pennsylvania. The company was founded in 1989 and is headquartered in Houston, TX.

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