Cabot Oil & Gas (COG) Target Increased at Howard Weil

Cabot Oil & Gas (C0G) received a “market perform” reiteration today from securities research analysts at investment firm Howard Weil.  Weil also substantially increased their performance outlook for Cabot by adjusting their price target from $50 to $75 dollars.  Weil noted that their large target increase was to reflect valuation of Cabot’s Marcellus acreage of Eagle Ford shale.

COG has set a new 52-week high today and has so far reached $65.76 at 2:02 P.M., Eastern.  COG lumbered through 2010 trading until a new intermediate was set on November 9th, 2010.  Afterward, COG has “been on a roll” ever since – so much to the point that shares have not traded beneath the 50-day moving average since November 1st, 2010, and for a large portion of time, investors have observed COG above the 10-day about half of the time since that date.

Cabot is slated to release their next earnings report on July 27th, 2011, and is estimated to post EPS of 24 cents.  Their last earnings report was released on April 27th, 2011, and announced EPS of 20cents with revenue totaling $209 million which was down -3.4% year to year.  COG is currently trading above its 50 & 200-day moving averages and 2011 is an up year for the company.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties located in the United States.  The company has market capitalization of $6,854,079,870 and 104,467,000 shares outstanding.  COG has a 52-week high of $63.42 with the low being $26.62 dollars.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.