- Cabot Oil & Gas (COG +0.8%) is upgraded to Buy from Accumulate at KLR Group, which notes that COG's largest catalyst for growth is the Appalachian Basin Marcellus Shale, projecting ~41% production growth in 2014 as it plans to start a six-rig program to begin drilling this year.
- The firm's new $48 target price is based on the NPV of free cash flow over the life of a company using a reasonable discount rate; COG's valuation applies a 12.5% discount rate to determine the NPV of its free cash flow.
From other sites
at CNBC.com (Dec 23, 2014)
at CNBC.com (Dec 1, 2014)
at CNBC.com (Nov 5, 2014)
at CNBC.com (Nov 4, 2014)
at CNBC.com (Oct 24, 2014)
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