Cabot Oil & Gas Corporation up 8% as Natural Gas Rallies 15% Higher
Cabot Oil & Gas Corporation (NYSE: COG) is trading higher on the session, as the natural gas futures rally higher. Addtionally, Canaccord Genuity reiterated its Buy rating and $65 price target on the company today.
Dow Jones cited a Morning Star analyst, Mark Hanson, who noted that "With more than 90% of its production being 'dry gas,' COG is one of the companies that benefits or hurts the most with the changes in natural-gas prices."
Cabot Oil & Gas Corporation is currently trading at $34.95, a gain of $2.69 or 8.34%.
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