Orlando, FL -- (SBWIRE) -- 09/18/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Cabot Oil & Gas Corporation (NYSE:COG), Exxon Mobil Corporation (NYSE:XOM).
Cabot Oil & Gas Corporation (NYSE:COG) shares climbed 1.62% and closed at $38.21. Barclays Capital started coverage on shares of Cabot Oil & Gas Corp. in a research report sent to investors on Sept. 6. The firm issued an equal weight rating and a $45.00 price target on the stock. The analysts noted that the move was a valuation call.
Additionally, the company on August 16 said it hosted a Natural Gas Celebration to highlight the benefits of expanded natural gas usage across northeastern Pennsylvania. The event featured displays by companies and organizations throughout the region that are using natural gas in their equipment and products, as well as displays from local colleges that have expanded their course offerings to meet the growing demand for employees in the industry.
Are investors worried about the recent updates with COG? Find out with a free trend analysis HERE
Exxon Mobil Corporation (NYSE:XOM) stock gained 0.30% to $88.94. XOM‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued on Sept. 17. XOM has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year.
Additionally, the company on Sept. 11 was charged with illegally dumping more than 50,000 gallons (189,000 liters) of wastewater at a shale-gas drilling site in Pennsylvania. Exxon unit XTO Energy Inc. discharged the water from waste tanks at the Marquandt well site in Lycoming County in 2010, according to a statement on the website of Pennsylvania’s attorney general. The pollution was found during an unannounced visit by the state’s Department of Environmental Protection.
Moreover, the company on August 23 said it is selling over half of its 60 percent holding in Iraq's West Qurna-1 oilfield project to China's biggest energy firm PetroChina and Indonesia's Pertamina, Iraq's oil minister confirmed. "25 percent (stake) to PetroChina and 10 percent to Pertamina," Abdul Kareem Luaibi told Reuters on the sidelines of a ministerial meeting here.
Is XOM going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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