Analysts Set Cabot Oil & Gas Corporation (COG) Price Target at $29.44

Cabot Oil & Gas Corporation (NYSE:COG) has been assigned a consensus rating of “Buy” from the twenty-five research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $29.81.

COG has been the topic of a number of recent analyst reports. Cowen and Company set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Scotiabank set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Barclays PLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Wednesday, August 2nd. BidaskClub upgraded Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, BMO Capital Markets set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Sunday, July 30th.

In other Cabot Oil & Gas Corporation news, insider Jeffrey W. Hutton sold 11,918 shares of Cabot Oil & Gas Corporation stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total transaction of $319,283.22. Following the sale, the insider now directly owns 635,124 shares of the company’s stock, valued at approximately $17,014,971.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of COG. Westwood Holdings Group Inc. bought a new stake in Cabot Oil & Gas Corporation during the 2nd quarter valued at approximately $100,000. IFP Advisors Inc boosted its position in Cabot Oil & Gas Corporation by 11.1% during the 2nd quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock valued at $115,000 after acquiring an additional 457 shares in the last quarter. Parallel Advisors LLC boosted its position in Cabot Oil & Gas Corporation by 1.4% during the 2nd quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after acquiring an additional 71 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Cabot Oil & Gas Corporation by 83.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock valued at $163,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in Cabot Oil & Gas Corporation during the 2nd quarter valued at approximately $163,000. 96.75% of the stock is currently owned by institutional investors and hedge funds.

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Cabot Oil & Gas Corporation (NYSE COG) traded up 1.64% during trading on Wednesday, hitting $27.19. The stock had a trading volume of 7,834,042 shares. The company has a 50-day moving average of $26.11 and a 200-day moving average of $24.71. Cabot Oil & Gas Corporation has a 52 week low of $20.02 and a 52 week high of $27.31. The stock’s market capitalization is $12.58 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas Corporation had a positive return on equity of 6.63% and a negative net margin of 8.80%. The business had revenue of $385.40 million during the quarter, compared to analysts’ expectations of $400.85 million. During the same quarter last year, the business posted ($0.04) EPS. The company’s quarterly revenue was up 24.2% on a year-over-year basis. On average, equities analysts expect that Cabot Oil & Gas Corporation will post $0.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Wednesday, November 8th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. Cabot Oil & Gas Corporation’s payout ratio is presently -64.51%.

Cabot Oil & Gas Corporation Company Profile

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

Analyst Recommendations for Cabot Oil & Gas Corporation (NYSE:COG)

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