Cabot (COG) Sinks Midday as Buckingham Cuts to Neutral

September 25, 2009 3:58 PM EDT

Shares of Cabot Oil & Gas (NYSE: COG) fell sharply midday as an analyst from Buckingham Research downgraded the strong from Strong Buy to Neutral.

Opening flat from yesterday's close, the stock fell more than 7% as the downgrade was issued but is now trading around $33.76, down 6.4% for the session.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties located in North America.


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