Market Overview

UPDATE: Jefferies Raises PT on Cabot Oil & Gas on Free Cash Flow

Related COG
Top 4 Mid-Cap Stocks In The Independent Oil & Gas Industry With The Highest EPS Growth Forecast For Next 5 Years
5 Mid-Caps With Unsustainable Cash Burn Rates

In a report published Monday, Jefferies analyst Biju Z. Perincheril reiterated a Buy rating on Cabot Oil & Gas Corporation (NYSE: COG), and raised the price target from $76.00 to $84.00.

In the report, Perincheril noted, “Sustainable free cash flow is one of the ultimate goals of shale development, and Cabot is one of the first companies to reach it. The company will soon have to wrestle with the novel question of what to do with all that cash. Acceleration of Marcellus activity is the primary option. Increasing NAV to $84 from $76 to reflect accelerated activity. Potential natural gas price weakness could be a headwind near-term, however.”

Cabot Oil & Gas Corporation closed on Friday at $67.31.

Latest Ratings for COG

Sep 2015CitigroupMaintainsNeutral
Sep 2015BarclaysMaintainsOverweight
Aug 2015SusquehannaMaintainsNeutral

View More Analyst Ratings for COG
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings


Related Articles (COG)

Get Benzinga's Newsletters