Canaccord Genuity Maintains a 'Buy' on Cabot Oil & Gas (COG); A Favorite As We See Strong Growth Production
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Price: $22.25 --0%
Rating Summary:
20 Buy, 23 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
20 Buy, 23 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Buy' on Cabot Oil & Gas (NYSE: COG) price target of $124.00.
Analyst, John Gerdes, said, "Cabot’s BUY rating and status as a favorite are underpinned by our view that the company should grow production 74% in ’12, above 45-55% guidance. For comparison, Cabot should achieve production growth of 45% in ’11 after setting initial guidance of ~20%."
"We should note Cabot is achieving this growth while spending within cash flow. This year, we believe EQT/Range should spend an average of ~75% beyond cash flow while the sector spends ~40% beyond cash flow."
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 $67.13 yesterday.
Analyst, John Gerdes, said, "Cabot’s BUY rating and status as a favorite are underpinned by our view that the company should grow production 74% in ’12, above 45-55% guidance. For comparison, Cabot should achieve production growth of 45% in ’11 after setting initial guidance of ~20%."
"We should note Cabot is achieving this growth while spending within cash flow. This year, we believe EQT/Range should spend an average of ~75% beyond cash flow while the sector spends ~40% beyond cash flow."
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 $67.13 yesterday.
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