Yahoo Finance Cabot Oil and Gas: What Do Analysts Recommend after 1Q16 Results?
How Did Cabot Oil and Gas Perform in 1Q16?
Analysts’ recommendations for Cabot
Following Cabot Oil and Gas’s (COG) 1Q16 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.
Consensus rating for Cabot Oil and Gas
Approximately 46% of analysts rated COG a “buy” while ~51% rated it a “hold” and ~3% rated it a “sell.” The average broker target price of $25.42 for COG implies a return of around 5% over the next 12 months. Upstream peers Chesapeake Energy (CHK), QEP Resources (QEP), and Gulfport Energy (GPOR) have average broker target prices of $4.33, $20.91, and $33.63, respectively. These figures imply returns of -34%, 14%, and ~12%, respectively, over the next 12 months.
The high, low, and median analyst target prices for Cabot Oil and Gas are $33, $19, and $25.5, respectively. COG is a component of the Vanguard Energy ETF (VDE), which invests ~1% of its portfolio in the company.
Analysts’ target prices for COG
Capital One Securities and UBS (OUBS) gave Cabot one of the most optimistic target prices of $33 and $28, respectively, implying returns of around 36% and 15.5% in the next 12 months.
J.P. Morgan (JPM) also gave COG an optimistic target price of $27, implying returns of around ~11.4%, in the next 12 months.
Goldman Sachs (GS) and Evercore ISI gave COG lower target prices of $26 each, implying returns of around ~7.2% in the next 12 months.
Scotia Howard Weil and Jefferies also gave COG lower target prices of $23 and $22, respectively, implying returns of around -5% and -9.2% in the next 12 months.
One of the lowest targets came from Barclays (BCS), which gave Cabot a target price of $20. This target implies returns of ~-17.5% over the next year.
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