Raymond James Thinks Cabot Oil & Gas’ Stock is Going to Recover


Raymond James analyst John Freeman maintained a Buy rating on Cabot Oil & Gas (COG) today. The company’s shares closed last Monday at $16.60, close to its 52-week low of $15.76.

According to TipRanks.com, Freeman is a 4-star analyst with an average return of 8.1% and a 46.8% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Occidental Petroleum.

Cabot Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of $20.86, implying a 20.4% upside from current levels. In a report released today, Siebert Williams Shank & Co also maintained a Buy rating on the stock with a $25.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $22.67 and a one-year low of $15.76. Currently, Cabot Oil & Gas has an average volume of 6.19M.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts