Cabot Oil & Gas Receives a Hold from Jefferies

By Carrie Williams

Jefferies analyst Michael Hsu reiterated a Hold rating on Cabot Oil & Gas (NYSE: COG) today and set a price target of $24. The company’s shares closed yesterday at $24.20.

According to TipRanks.com, Hsu is a 1-star analyst with an average return of -4.9% and a 33.3% success rate. Hsu covers the Basic Materials sector, focusing on stocks such as Continental Resources, Gulfport Energy Corp, and Range Resources Corp.

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.