Canaccord Genuity Reiterates a 'Buy' on Cabot Oil & Gas (COG); Top Gas-Weighted Idea
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Price: $22.25 --0%
Rating Summary:
20 Buy, 23 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 23 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Cabot Oil & Gas (NYSE: COG) price target of $65.00.
Analyst, John Gerdes, said, "We reiterate our rating and maintain our target price following minor model refinements. Cabot’s capital productivity is almost twice the peer average (EQT Corp (NYSE: EQT), Range (NYSE: RRC), Southwestern (NYSE: SWN) and Ultra (NYSE: UPL)). Our ’13 estimates clearly demonstrate the power of the company’s productivity. Next year, we believe Cabot should generate almost 4x the production growth while spending almost 40% less than cash flow as the peers spend ~30% beyond cash flow. Accordingly, we see ~40% upside to COG shares even in a long-term $4 gas price environment while EQT, RRC, SWN and UPL have ~30% downside potential in this bear-case scenario."
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 $33.00 yesterday.
Analyst, John Gerdes, said, "We reiterate our rating and maintain our target price following minor model refinements. Cabot’s capital productivity is almost twice the peer average (EQT Corp (NYSE: EQT), Range (NYSE: RRC), Southwestern (NYSE: SWN) and Ultra (NYSE: UPL)). Our ’13 estimates clearly demonstrate the power of the company’s productivity. Next year, we believe Cabot should generate almost 4x the production growth while spending almost 40% less than cash flow as the peers spend ~30% beyond cash flow. Accordingly, we see ~40% upside to COG shares even in a long-term $4 gas price environment while EQT, RRC, SWN and UPL have ~30% downside potential in this bear-case scenario."
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 $33.00 yesterday.
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