UPDATE: JP Morgan Raises PT on Cabot Oil & Gas to $50.50 Post Model Update

Loading...
Loading...
JP Morgan reiterated its Neutral rating on Cabot Oil & Gas
COG
and raised its price target from $43 to $50.50. JP Morgan noted, "We are increasing our Dec-12 price target to $50.50 from $43.00 mainly based on updating our model further for proved reserves, marking to market commodity pricing, and updating our Marcellus type curve. We think that COG will trade at a premium to the group with its high-quality Marcellus acreage and above-average production growth, especially in a recovering gas market. Our price target represents 115% of our estimate of YE12 NYMEX NAV." Cabot Oil & Gas closed at $39.07 on Tuesday.
Posted In: Analyst ColorPrice TargetIntraday UpdateAnalyst RatingsJP Morgan
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...