Cabot Oil & Gas Corporation (COG)

[johnsyn]

Jeffries Raises Cabot Oil & Gas (COG) PT by $20

11:09 AM 2/25/2013 - StreetInsider

Jefferies boosted estimates and its price target on Buy-rated Cabot Oil & Gas (NYSE: COG) from $56 to $76 following Q4 results.

"While some profit taking is likely near-term, we are raising NAV to $76 on higher Marcellus reserve growth forecast. We think COG is now discounting 2015 reserves, but it possesses many more years of visible growth.

The firm raised Q1 EPS from $0.26 to $0.29, FY13 from $1.15 to $1.22 and FY14 from $2.11 to $2.30.


Shares of Cabot Oil & Gas closed at $59.81 yesterday, with a 52 week range of $28.84-$59.90.