Analyst Provides Guidance for This Canadian Energy Company


In a report released today, Gabriele Sorbara from Williams Capital maintained a Hold rating on Cabot Oil & Gas (COG), with a price target of $22.00. The company’s shares closed last Monday at $17.53, close to its 52-week low of $16.01.

According to TipRanks.com, Sorbara is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -16.9% and a 26.3% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.

Currently, the analyst consensus on Cabot Oil & Gas is a Strong Buy with an average price target of $23.86.

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Based on Cabot Oil & Gas’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $181 million. In comparison, last year the company had a net profit of $122 million.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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