UPDATE: KLR Group Upgrades Cabot Oil & Gas Corporation Following Eagle Ford Acquisition
In a report published Friday, KLR Group analyst John Gerdes upgraded the rating on Cabot Oil & Gas Corporation (NYSE: COG) from Accumulate to Buy, and raised the price target from $42.00 to $44.00.
In the report, KLR Group noted, “We are upgrading COG from Accumulate to Buy and increasing our target price $2 to $44 per share driven by the recent Eagle Ford acquisition and corresponding increase in activity. Our target price now reflects ~40% upside and thus merits an upgrade. Our '15 production growth expectation of ~27% is in the upper half of company guidance (20%-30%).”
Cabot Oil & Gas Corporation closed on Thursday at $31.43.
Latest Ratings for COG
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jan 2021 | B of A Securities | Downgrades | Neutral | Underperform |
| Dec 2020 | Evercore ISI Group | Downgrades | Outperform | In-Line |
| Sep 2020 | Northland Capital Markets | Initiates Coverage On | Market Perform |
View More Analyst Ratings for COG
View the Latest Analyst Ratings
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Posted-In: John Gerdes KLR GroupAnalyst Color Upgrades Analyst Ratings
