UPDATE: Global Hunter Securities Starts Cabot Oil & Gas (COG) at Accumulate; Shares Offer Compelling Risk-adjusted Value

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(Updated - July 18, 2012 8:53 AM EDT)

Global Hunter Securities initiates coverage on Cabot Oil & Gas (NYSE: COG) with an Accumulate. PT $48.00.

Analyst, Curtis Trimble, said, "Cabot Oil and Gas (COG) continues to post impressive well results from its core northeast Pennsylvania Marcellus acreage. Management also recently demonstrated the value inherent in the balance of the company’s portfolio, striking a $250MM joint venture (JV) for its previously little-discussed Pearsall Shale position. With an impressive and capital-efficient production growth profile combined with a strong balance sheet and a stable management team, we initiate coverage at Accumulate."

For an analyst ratings summary and ratings history on Cabot Oil & Gas click here. For more ratings news on Cabot Oil & Gas click here.

Shares of Cabot Oil & Gas closed at $40.03 yesterday, with a 52 week range of $28.84-$90.00.

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