▲ +22.82% Upside Potential
This price target is based on 17 analysts offering 12 month price targets for Cabot Oil & Gas in the last 3 months. The average price target is $20.12, with a high forecast of $23.00 and a low forecast of $16.00. The average price target represents a 22.82% upside from the last price of $16.38.
The current consensus among 17 polled investment analysts is to hold stock in Cabot Oil & Gas. This rating has held steady since March 2020, when it changed from a Buy consensus rating.
Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets oil and gas properties in the United States. It primarily focuses on the Marcellus Shale with approximately 175,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. The company sells its natural gas to industrial customers, local distribution companies, gas marketers, and power generation facilities through gathering systems and pipelines. As of December 31, 2020, it had proved reserves of approximately 13,672 billion cubic feet of gas; and 15 thousand barrels of oil or other liquid hydrocarbons. Cabot Oil & Gas Corporation was incorporated in 1989 and is headquartered in Houston, Texas.