Standard & Poor’s Ratings Services is maintaining its Sell on Cabot Oil & Gas Corp., Houston (NYSE: COG). Analyst Michal Kay says Cabot Oil has stated its intent to acquire properties in the Cotton Valley of east Texas, which increases exposure to the Haynesville shale. Kay says the target price is being raised by $7 to $63 based on 100% of proved reserves and 20% of estimated probable reserves.