Market Overview

UPDATE: KLR Group Cuts Cabot Oil & Gas to Accumulate, Cites Valuation

Related COG
Know This Natural Gas ETF
The Market In 5 Minutes
Sentry Investment Management Inc Buys SPDR S&P 5……, Cabot Oil & Gas Corp, Walgreens ... (GuruFocus)

In a research note published Wednesday morning, KLR Group downgraded shares of Cabot Oil & Gas Corp. (NYSE: COG) from Buy to Accumulate and boosted the price target from $47 to $48.

In addition to a general valuation call, the firm's John Gerdes noted a "moderating stance on anomalous weather."

Gerdes said, "Given the continuance of intensely cold weather through January, E&P equities now reflect ~$4.90 NYMEX gas prices. The '14 NYMEX gas strip is currently ~ $4.50, while the '15-'17 gas strip remains in a range of $4.10-$4.20. Our E&P target prices are anchored on a long-term $4.75 NYMEX gas price expectation." Shares of Cabot Oil & Gas are up more than a half percent to around $40.60 at last check.

Latest Ratings for COG

Aug 2017Morgan StanleyUpgradesEqual-WeightOverweight
Jul 2017Williams CapitalDowngradesBuyHold
Jun 2017Bank of AmericaUpgradesNeutralBuy

View More Analyst Ratings for COG
View the Latest Analyst Ratings

Posted-In: News Downgrades Price Target Analyst Ratings


Related Articles (COG)

View Comments and Join the Discussion!