Morgan Stanley analyst Devin McDermott maintained a Hold rating on Cabot Oil & Gas (COG) today and set a price target of $20.00. The company’s shares closed last Thursday at $20.96.
According to TipRanks.com, McDermott has 0 stars on 0-5 stars ranking scale with an average return of -8.2% and a 32.3% success rate. McDermott covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Chesapeake Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cabot Oil & Gas with a $19.40 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $27.42 and a one-year low of $13.07. Currently, Cabot Oil & Gas has an average volume of 10.68M.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.
