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Analysts’ Price Targets for Cabot Oil & Gas’s Next 12 Months

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Consensus rating for Cabot Oil & Gas

Approximately 43% of analysts rate Cabot Oil & Gas (COG) as a “buy,” and 37% rate it as a “hold.” The average broker target price of $28.72 for COG implies a return of ~26% in the next 12 months.

Analysts’ high and low target prices for Cabot Oil & Gas are $37 and $22, respectively. COG is a component of the iShares US Oil & Gas Exploration & Production ETF (IEO). IEO invests 2.5% of its portfolio in COG.

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Analysts’ recent upgrades and downgrades on Cabot stock

On February 6, 2017, following the FERC’s (Federal Energy Regulatory Commission) approval of the Atlantic Sunrise project, Susquehanna upgraded its rating for Cabot from “neutral” to “positive.” JPMorgan Chase also upgraded COG from “neutral” to “overweight.”

On January 23, Barclays upgraded its rating for COG from “equal weight” to “overweight.” On January 4, Bank of America Merrill Lynch downgraded its rating for COG from “buy” to “underperform.”

Recently, on February 28, 2017, Bernstein downgraded its rating for COG from “outperform” to “market perform.”

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