Williams Capital analyst Gabriele Sorbara reiterated a Hold rating on Cabot Oil & Gas (COG) on August 19 and set a price target of $22. The company’s shares closed last Monday at $16.84, close to its 52-week low of $16.01.
According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.9% and a 29.3% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cabot Oil & Gas with a $24.50 average price target, a 44.9% upside from current levels. In a report issued on August 5, Morgan Stanley also maintained a Hold rating on the stock with a $18 price target.
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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 $42.43 million.
Based on the recent corporate insider activity of 61 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.
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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.
