Price Targets for Cabot Oil & Gas in the Next 12 Months
Cabot Oil & Gas
Approximately 43% of analysts rate Cabot Oil & Gas (COG) as a “buy,” while 40% rate it as a “hold.” The average broker target price of $29.25 for the company implies a return of ~22% in the next 12 months.
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Analysts’ high and low target prices for Cabot Oil & Gas are $40 and $24, respectively. Cabot Oil & Gas is part of the iShares US Oil & Gas Exploration & Production ETF (IEO). IEO invests 2.5% of its portfolio in Cabot Oil & Gas.
Recent upgrades and downgrades
On February 6, 2017, following the Federal Energy Regulatory Commission’s approval of the Atlantic Sunrise project, Susquehanna upgraded its rating for Cabot Oil & Gas from “neutral” to “positive.” JPMorgan Chase also upgraded Cabot Oil & Gas from “neutral” to “overweight.”
On January 23, Barclays upgraded its rating for Cabot Oil & Gas from “equal weight” to “overweight.” On January 4, Bank of America Merrill Lynch downgraded its rating for Cabot Oil & Gas from “buy” to “underperform.”
On February 28, 2017, Bernstein downgraded its rating for Cabot Oil & Gas from “outperform” to “market perform.”