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COG - Cabot Oil & Gas News Story

$17.95 0.1  0.3%

Last Trade - 18/10/19

Large Cap
Market Cap £5.81bn
Enterprise Value £6.57bn
Revenue £1.89bn
Position in Universe 882nd / 6411

BUZZ-TPH calls Cabot Oil & Gas "solid defensive pick" amid falling gas prices

Fri 21st June, 2019 2:09pm
** Tudor Pickering Holt & Co says Cabot Oil and Gas  COG.N 
is best positioned in its coverage to withstand macro headwinds
    ** Brokerage expects COG to continue to be prudent with
capital allocation and have flexibility to slow growth if
necessary, in order to focus on shareholder returns
    ** Benchmark Henry Hub natural gas prices have fallen 10% so
far this month - TPH
    ** COG remains most defensive pick in sector given clean
balance sheet which helps the stock command a premium vs peers -
    ** Of the 30 brokerages covering stock, 15 rate it "buy" or
higher, 13 "hold" and 2 "sell; median PT is $29 - an upside of
~23% to stock's closing price on Thursday
    ** Up to Thursday's close, shares have risen 5.6% YTD

 (Reporting by Debroop Roy in Bengaluru)
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