Baird said the negative reaction to Cabot oil & Gas shares following Q4 earnings is short-sighted calling it one of the highest quality E&P names. The firm sees support from company buybacks, and increase in reserves, and continued increase in long-term value creation. Shares are Outperform rated and price target raised to $52 from $48.
UBS Boosts PT on Cabot Oil & Gas
= Due to Cabot Oil & Gas’s (COG) strong earnings release yesterday, UBS has raised its numbers on the energy company. COG now has a price target of $42, suggesting a 7% upside to the stock’s current price. COG has a dividend yield of 0.2%.
Analysts at Raymond James lowered the stock's price to $44 from $46. "Infrastructure constraints and weather issues have plagued the Northeast Marcellus and have meaningfully dragged on the company's pricing as well as 1H14 production growth," said analyst Andrew Coleman in a report. The stock's overweight rating remained unchanged.