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Cabot Oil and Gas: What Do Analysts Recommend after 1Q16 Results?

Keisha Bandz - Author
By

Aug. 18 2020, Updated 5:16 a.m. ET

Analysts’ recommendations for Cabot

Following Cabot Oil and Gas’s (COG) 1Q16 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.

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Consensus rating for Cabot Oil and Gas

Approximately 46% of analysts rated COG a “buy” while ~51% rated it a “hold” and ~3% rated it a “sell.” The average broker target price of $25.42 for COG implies a return of around 5% over the next 12 months. Upstream peers Chesapeake Energy (CHK), QEP Resources (QEP), and Gulfport Energy (GPOR) have average broker target prices of $4.33, $20.91, and $33.63, respectively. These figures imply returns of -34%, 14%, and ~12%, respectively, over the next 12 months.

The high, low, and median analyst target prices for Cabot Oil and Gas are $33, $19, and $25.5, respectively. COG is a component of the Vanguard Energy ETF (VDE), which invests ~1% of its portfolio in the company.

Analysts’ target prices for COG

Capital One Securities and UBS (OUBS) gave Cabot one of the most optimistic target prices of $33 and $28, respectively, implying returns of around 36% and 15.5% in the next 12 months.

J.P. Morgan (JPM) also gave COG an optimistic target price of $27, implying returns of around ~11.4%, in the next 12 months.

Goldman Sachs (GS) and Evercore ISI gave COG lower target prices of $26 each, implying returns of around ~7.2% in the next 12 months.

Scotia Howard Weil and Jefferies also gave COG lower target prices of $23 and $22, respectively, implying returns of around -5% and -9.2% in the next 12 months.

One of the lowest targets came from Barclays (BCS), which gave Cabot a target price of $20. This target implies returns of ~-17.5% over the next year.

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