In a report issued on November 15, Kashy Harrison from Piper Jaffray reiterated a Buy rating on Cabot Oil & Gas (COG), with a price target of $27. The company’s shares closed on Friday at $25.74.
According to TipRanks.com, Harrison is a 1-star analyst with an average return of -4.3% and a 35.0% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Continental Resources, and Gulfport Energy Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cabot Oil & Gas with a $27 average price target, which is a 4.9% upside from current levels. In a report issued on November 12, BMO Capital also reiterated a Buy rating on the stock with a $29 price target.
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Cabot Oil & Gas’ market cap is currently $11.17B and has a P/E ratio of 49.5. The company has a Price to Book ratio of 5.33.
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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.
