Raymond James Remains a Buy on Cabot Oil & Gas (COG)
In a report released yesterday, John Freeman from Raymond James maintained a Buy rating on Cabot Oil & Gas (COG). The company’s shares closed last Thursday at $17.06.
According to TipRanks.com, Freeman is a 3-star analyst with an average return of 4.6% and a 43.7% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Black Stone Minerals.
Currently, the analyst consensus on Cabot Oil & Gas is a Hold with an average price target of $20.00, which is a 17.0% upside from current levels. In a report released today, Siebert Williams Shank & Co also maintained a Buy rating on the stock with a $23.00 price target.
See today’s analyst top recommended stocks >>
Based on Cabot Oil & Gas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $457 million and net profit of $131 million. In comparison, last year the company earned revenue of $461 million and had a net profit of $147 million.
Based on the recent corporate insider activity of 57 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.