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Cabot Oil & Gas (NYSE:COG) Upgraded at Citigroup to Neutral from Neutral Rating

Citigroup Analyst Rating Change Cabot Oil & Gas NYSE:COG

Cabot Oil & Gas (NYSE:COG) Change of Rating

Citigroup upped the shares of Cabot Oil & Gas (NYSE:COG) from a Neutral rating to Buy rating in a research report issued on 3 January.

Despite this stock rating upgrade NYSE:COG is now trading -0.68% lower at $29.25 as of 4:06 PM New York time. Cabot Oil & Gas’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has added 6.00% over the same time period.

Out of 32 brokers covering Cabot Oil & Gas, 17 rate it a Buy, 19 indicate a Hold while 0 suggest a Sell. The highest target is $33 and the lowest is $19 according to Thomson/First Call. The 12-month mean target is $25.19, which means downside potential of 13.88% over the current price.

Institutional Ownership

Cabot had the most significant stake with ownership of 951,778 shares as of Q2 2015 for 19.86% of the US equity exposure. Bocage Capital Llc is another bullish institutional investor who is possessing 688,567 shares of Cabot Oil & Gas or 7.97% of their US equity exposure. Also, Sailingstone Capital Partners Llc have 4.96% of their US equity exposure invested in the company for 9.32 million shares. The New York-based fund Stelliam Investment Management Lp revealed it had acquired so far a stake worth about 4.77% of the institutional investor’s stock portfolio in Cabot Oil & Gas. The Connecticut-based fund Viking Global Investors Lp is also positive about the stock, possessing 5.52 million shares or 4.01% of their US equity exposure.

Cabot Oil & Gas (NYSE:COG) Profile

Cabot Oil & Gas CorpCabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

Cabot Oil & Gas (NYSE:COG) traded down -0.68% on 3 January, hitting $29.25. A total of 995,518 shares of the company’s stock traded hands. This is down from average of 5.58M shares. Cabot Oil & Gas has a 52 week low of $20.55 and a 52 week high of $29.5. The company has a market cap of $13.53B and a P/E ratio of 0.

Get the latest Cabot Oil & Gas (NYSE:COG) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Cabot Oil & Gas (NYSE:COG) Upgraded at Citigroup to Neutral from Neutral Rating appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Cabot Oil & Gas (NYSE:COG) Upgraded at Citigroup to Neutral from Neutral Rating


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