Nomura Holdings Reiterates a Hold Rating on Cabot Oil & Gas

By Carrie Williams

In a report released today, Lloyd Byrne from Nomura Holdings reiterated a Hold rating on Cabot Oil & Gas (NYSE: COG), with a price target of $25. The company’s shares opened today at $20.45.

According to TipRanks.com, Byrne is a 4-star analyst with an average return of 8.6% and a 62.0% success rate. Byrne covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Parker Drilling Company, and Whiting Petroleum Corp.

Currently, the analyst consensus on Cabot Oil & Gas is Moderate Buy and the average price target is $25, representing a 22.2% upside.

In a report issued on October 31, Stifel Nicolaus also reiterated a Hold rating on the stock with a $24 price target.

The company has a one year high of $26.74 and a one year low of $14.88. Currently, Cabot Oil & Gas has an average volume of 6.6M.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2016, George Kevin Cunningham, the Vice Pres. & General Counsel of COG sold 3,000 shares for a total of $75,750.

Cabot Oil & Gas Corp. engages in the exploration and development of oil and gas properties. It produces and markets natural gas, crude oil, and gas liquids. Its portfolio includes Marcellus and Eagle Ford Shale. The company was founded in 1989 and is headquartered in Houston, TX.