Analysts’ recommendations for Cabot Oil and Gas
In the weeks leading up to Cabot Oil and Gas’s (COG) 1Q16 earnings release, Wall Street analysts provided target prices for the next 12 months.
Consensus rating for Cabot Oil and Gas
About 46% of Wall Street analysts rate Cabot Oil and Gas (COG) a “buy,” ~51% rate it a “hold,” and ~3% rate it a “sell.” The average broker target price of $25.23 for Cabot implies a return of around 10.5% in the next 12 months.
Upstream peers EQT Corp. (EQT), Antero Resources (AR), and Noble Energy (NBL) have average broker target prices of $75.72, $29.01, and $38.55, respectively. These figures imply returns of ~13%, 4%, and ~9.5%, respectively, in the next 12 months.
High, low, and median analyst target prices for Cabot are $31.00, $19.00, and $25.20, respectively.
Cabot Oil and Gas is a component of the iShares US Oil & Gas Exploration and Production ETF (IEO). IEO invests ~2.5% of its portfolio in the company.
Analysts’ target prices for COG
Evercore ISI and UBS (OUBS) gave Cabot one of the most optimistic target prices of $26 each, which implies returns of around 14% in the next 12 months.
Tudor, Pickering, Holt & Co. also gave COG an optimistic target price of $25, implying returns of around ~9.5% in the next 12 months.
One of the lowest targets was given by Scotia Howard Weil Inc. and Barclays (BCS), which gave Cabot target prices of $23 and $19, respectively. This implies returns of 0.7% and -16%, respectively, over the next year.