Cabot Oil & Gas price target raised to $64 from $61 at RW Baird Baird raised its price target on Cabot Oil & Gas following recent Q4 results. The firm noted the company surpassed estimates across the board with similar trends expected in 2013. Shares are Outperform rated.
Cabot among Marcellus producers hardest hit by glut, WSJ says The rapid growth of production from the Marcellus Shale has caused gas prices to drop and forced drillers to re-evaluate operations, with Cabot Oil and Gas (COG) among the hardest hit, said The Wall Street Journal. Other companies mentioned as being impacted and having responded in the report include Ultra Petroleum (UPL), Chesapeake Energy (CHK) and Carrizo Oil & Gas (CRZO). Reference Link