6:50 AM 4/19/2013 - StreetInsider
Wells Fargo initiates coverage on Cabot Oil & Gas (NYSE: COG) with a Outperform and $78-$82 valuation range.
The analyst comments: "With its core asset in the Marcellus, Cabot provides investors with exposure to industry-leading per share growth and capital efficiency. As the company transitions to development mode, we believe more efficiency gains are to be had. With an inventory in place to support a top-tier growth profile and an asset base that is throwing off free cash flow, Cabot provides exposure to one of the premium E&P assets in the lower 48. We are initiating coverage of Cabot with an Outperform rating on the shares. Our EPS estimates for 2013 and 2014 are $1.50 and $2.84."
Shares of Cabot Oil & Gas closed at $65.72 yesterday, with a 52 week range of $29.20-$71.39.
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM