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UPDATE: KLR Group Upgrades Cabot Oil & Gas Corporation Following Eagle Ford Acquisition

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Courtesy of Benzinga.

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In a report published Friday, KLR Group analyst John Gerdes upgraded the rating on Cabot Oil & Gas Corporation (NYSE: COG) from Accumulate to Buy, and raised the price target from $42.00 to $44.00.

In the report, KLR Group noted, “We are upgrading COG from Accumulate to Buy and increasing our target price $2 to $44 per share driven by the recent Eagle Ford acquisition and corresponding increase in activity. Our target price now reflects ~40% upside and thus merits an upgrade. Our ’15 production growth expectation of ~27% is in the upper half of company guidance (20%-30%).”

Cabot Oil & Gas Corporation closed on Thursday at $31.43.

Latest Ratings for COG

Date Firm Action From To
Sep 2014 KLR Group Upgrades Accumulate Buy
Sep 2014 Simmons & Co. Downgrades Overweight Neutral
Sep 2014 Stifel Nicolaus Upgrades Hold Buy

View More Analyst Ratings for COG
View the Latest Analyst Ratings

Posted-In: John Gerdes KLR GroupAnalyst Color Upgrades Analyst Ratings

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