Market Overview

UPDATE: Goldman Sachs Raises PT to $58 on Cabot Oil & Gas on Comparative Strength to Peers

Related COG
Benzinga Weekly Preview: Earnings Season Is In Full Swing
Ultra Petroleum Closes Shell's Pinedale Asset Acquisition
Energy Stocks Move Higher as Oil Spikes (Fox Business)
Related ECA
Encana to Divest Natural Gas Focused Clearwater Assets
Fast Money Traders Share Their Opinion On Dreamworks Animation Skg Inc, Tibco Software Inc. And Others
Apache Sells Some Deepwater Assets for $1.4B (Fox Business)

Goldman Sachs reiterated its Buy rating on Cabot Oil & Gas (NYSE: COG) and raised its price target from $55 to $58.

Goldman Sachs noted, "COG's advantages to peers in terms of growth/free cash flow/valuation were a clear theme for the first week of 3Q 2012 earnings season. Three gas E&Ps reported: (1) ECA – high FCF deficit and in our view a difficult transition to liquids (Sell rated); (2) RRC – industry-leading resource life, low on the cost curve, liquids growth opportunities but needs to reduce leverage and its FCF deficit (Neutral rated); and (3) COG – uniquely FCF positive with simultaneous leading growth and undemanding relative valuation. We continue to favor COG and SWN among gassy E&Ps."

Cabot Oil & Gas closed at $47.46 on Friday.

Latest Ratings for COG

DateFirmActionFromTo
Oct 2014BarclaysMaintainsOverweight
Oct 2014KeyBancMaintainsBuy
Sep 2014KLR GroupUpgradesAccumulate Buy

View More Analyst Ratings for COG
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (COG + ECA)

Around the Web, We're Loving...

Get Benzinga's Newsletters