JP Morgan Upgrades Cabot Oil & Gas Corporation to Overweight

Brokerage firm JP Morgan Upgrades its rating on Cabot Oil & Gas Corporation(COG). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by JP Morgan was issued on Feb 6, 2017.

In a different note, On Jan 23, 2017, Barclays said it Upgrades its rating on Cabot Oil & Gas Corporation. According to the research note, Barclays Raises the price target to $25 per share from a prior target of $22. The shares have been rated ‘Overweight’ by the firm.

Cabot Oil & Gas Corporation (COG) shares turned negative on Tuesdays trading session with the shares closing down -0.16 points or -0.67% at a volume of 1,16,64,779. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.99. The peak price level was also seen at $23.99 while the days lowest was $22.99. Finally the shares closed at $23.57. The 52-week high of the shares is $26.74 while the 52-week low is $18.48. According to the latest information available, the market cap of the company is $10,964 M.

Cabot Oil & Gas Corporation(COG) last announced its earnings results on Oct 28, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $310.43M. Analysts had an estimated revenue of $308.11M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.04.

Several Insider Transactions has been reported to the SEC. On Sep 14, 2016, George Kevin Cunningham (Vice Pres. & General Counsel) sold 3,000 shares at $25.25 per share price.Also, On May 9, 2016, Robert S Boswell (director) purchased 5,000 shares at $24.35 per share price.On Aug 21, 2015, Robert L Keiser (director) purchased 450 shares at $25.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development exploitation and exploration of oil and gas properties. The Company’s exploration development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. The Company’s Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County Pennsylvania. The Company’s properties in the Eagle Ford Shale are principally located in Atascosa Frio and La Salle Counties Texas. The Company also has operations in various other unconventional and conventional plays throughout the continental United States including the Utica Shale in Pennsylvania; the Cotton Valley Haynesville Bossier and James Lime formations in east Texas and the Devonian Shale Big Lime Weir and Berea in West Virginia.

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