Analyst Recommendations for COG After Its 3Q15 Earnings


Nov. 20 2020, Updated 3:14 p.m. ET

Analyst recommendations for COG

Following Cabot Oil & Gas Corporation’s (COG) 3Q15 results, Wall Street analysts provided target prices for the next 12 months. Approximately 51.3% of analysts rated Cabot Oil & Gas a “buy,” 46.2% rated it as a “hold,” while 2.6% rated it a “sell.”

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Consensus rating

The average broker target price of $29.8 for the company implies a ~41% price return in the next 12 months. In comparison, its peers Antero Resources (AR), Southwestern Energy (SWN), and Range Resources (RRC) have average broker target prices of $32.9, $20.3, and $51.4, respectively. These prices suggest returns of ~59%, ~90%, and ~78%, respectively, over the next 12 months.

All the above companies, excluding Antero Resources, make up ~2.6% of the Energy Select Sector SPDR ETF (XLE).

Analyst ratings for Cabot Oil & Gas

Now, let’s look at the company’s individual recommendations. Scotia Howard Weil gave it a very optimistic target price of $31, implying returns of ~46.6% over the next 12 months. Tudor, Pickering, Holt & Co. also gave the company an optimistic target price of $29, implying returns of ~37.2% over the next 12 months.

UBS (OUBS) and Morgan Stanley (MS) gave the company target prices of $27 and $26, respectively, implying returns of ~28% and ~23%, respectively, over the next 12 months.

Barclays (BCS) gave the company a lower target price of $24. This implies returns of 13% over the next year.

Cabot Oil & Gas released its 3Q15 earnings on October 23. The earnings releases for Chevron (CVX) and Phillips 66 are expected to come out on October 30. Watch out for our post-earnings release on the two companies. In the meanwhile, please check out our pre-earnings analysis of the two at What to Watch for in Chevron’s 3Q15 Earnings and What to Expect from Phillips 66’s 3Q15 Results on October 30.

To learn more about the oil and gas industry, please visit Market Realist’s Energy and Power page.


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