Analyst says Cabot Oil & Gas set for strong growth - Forbes

By
Viraj
on June 9, 2009 11:11 AM | | TrackBacks (0)
NEW YORK -- Natural gas producer Cabot Oil & Gas Corp. is positioned for strong production and earnings growth, an analyst said Friday.

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UBS analyst Andrew Coleman raised his share price target by $16 to $40. He said the company's increased activity in the Marcellus shale region should push production growth beyond his current outlook of 6 percent, with a burst of growth in 2010. Coleman rates Cabot "Buy." "Running a company in the exploration and production sector should always be about blending growth and returns, and we think Cabot represents one of the best blends of both," Coleman said.

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This page contains a single entry by Viraj published on June 9, 2009 11:11 AM.

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