Goldman Sachs Upgrades Cabot Oil & Gas (COG) to Buy
Get Alerts COG Hot Sheet
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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Goldman Sachs upgraded Cabot Oil & Gas (NYSE: COG) from Neutral to Buy with a price target of $55 (up from $41), suggesting 38% upside.
The firm said COG is the lowest cost dry gas shale producer in the US and they see shares outperforming in a rising gas price environment in 2013.
"We see its concentrated high quality Marcellus Shale position and robust production inventory driving best in class growth/returns/free cash over the next few years," the firm said.
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 $39.51 yesterday.
The firm said COG is the lowest cost dry gas shale producer in the US and they see shares outperforming in a rising gas price environment in 2013.
"We see its concentrated high quality Marcellus Shale position and robust production inventory driving best in class growth/returns/free cash over the next few years," the firm said.
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 $39.51 yesterday.
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