BMO Capital Keeps a Buy Rating on Cabot Oil & Gas

By Ryan Adsit

BMO Capital analyst Phillip Jungwirth reiterated a Buy rating on Cabot Oil & Gas (NYSE: COG) today and set a price target of $33. The company’s shares closed last Friday at $24.34.

According to, Jungwirth is a 4-star analyst with an average return of 5.5% and a 50.3% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Rice Midstream Partners, and Jagged Peak Energy Inc.

Currently, the analyst consensus on Cabot Oil & Gas is Strong Buy and the average price target is $29.63, representing a 21.7% upside.

In a report issued on May 1, Piper Jaffray also resumed coverage with a Buy rating on the stock with a $35 price target.

Based on Cabot Oil & Gas’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $484 million and quarterly net profit of $106 million. In comparison, last year the company earned revenue of $263 million and had a GAAP net loss of $51.19 million.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Todd Roemer, the Controller of COG sold 11,156 shares for a total of $268,934.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.