Cabot Oil & Gas Receives a Hold from JefferiesBy Carrie Williams
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Cabot Oil & Gas has an analyst consensus of Strong Buy, with a price target consensus of $29.33.
Based on Cabot Oil & Gas’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $354 million and GAAP net loss of $293 million. In comparison, last year the company earned revenue of $263 million and had a GAAP net loss of $51.19 million.
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Cabot Oil & Gas Corp. operates as an independent oil and gas company, which engages in the development, exploitation, and exploration of oil and gas properties. Its core operations includes Marcellus shale, and Eagle Ford shale. The company was founded in 1989 and is headquartered in Houston, TX.