Cabot Oil & Gas (COG) Downgraded by ValuEngine

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ValuEngine downgraded shares of Cabot Oil & Gas (NYSE:COG) from a hold rating to a sell rating in a report released on Tuesday morning.

Several other analysts have also weighed in on COG. Stifel Nicolaus assumed coverage on shares of Cabot Oil & Gas in a report on Tuesday, May 22nd. They set a hold rating and a $22.00 price objective for the company. Seaport Global Securities reaffirmed a buy rating on shares of Cabot Oil & Gas in a report on Tuesday, April 24th. LADENBURG THALM/SH SH set a $34.00 price objective on shares of Cabot Oil & Gas and gave the stock a buy rating in a report on Friday, April 27th. Morgan Stanley dropped their price objective on shares of Cabot Oil & Gas from $32.00 to $28.00 and set a buy rating for the company in a report on Thursday, May 24th. Finally, Citigroup cut shares of Cabot Oil & Gas from a buy rating to a neutral rating and increased their price target for the company from $23.96 to $25.00 in a research note on Tuesday, April 17th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Cabot Oil & Gas has an average rating of Hold and an average target price of $30.11.

Cabot Oil & Gas opened at $23.80 on Tuesday, according to Marketbeat. The company has a market cap of $10.56 billion, a PE ratio of 49.58, a PEG ratio of 0.76 and a beta of 0.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.42 and a quick ratio of 2.40. Cabot Oil & Gas has a 1-year low of $21.71 and a 1-year high of $29.57.

Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings data on Friday, April 27th. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $473.20 million during the quarter, compared to analyst estimates of $471.25 million. Cabot Oil & Gas had a net margin of 6.51% and a return on equity of 10.56%. The company’s revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. equities analysts predict that Cabot Oil & Gas will post 1.03 earnings per share for the current year.

In other Cabot Oil & Gas news, Director Robert Kelley acquired 50,000 shares of Cabot Oil & Gas stock in a transaction on Tuesday, May 29th. The shares were purchased at an average cost of $22.25 per share, with a total value of $1,112,500.00. Following the completion of the purchase, the director now owns 681,717 shares in the company, valued at $15,168,203.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Motco boosted its stake in Cabot Oil & Gas by 3,034.3% in the first quarter. Motco now owns 4,200 shares of the oil and gas exploration company’s stock valued at $101,000 after acquiring an additional 4,066 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Cabot Oil & Gas by 119.3% in the fourth quarter. Glenmede Trust Co. NA now owns 5,008 shares of the oil and gas exploration company’s stock valued at $143,000 after acquiring an additional 2,724 shares during the last quarter. Avestar Capital LLC bought a new position in Cabot Oil & Gas in the fourth quarter valued at approximately $151,000. Fuller & Thaler Asset Management Inc. bought a new position in Cabot Oil & Gas in the fourth quarter valued at approximately $186,000. Finally, Massey Quick Simon & CO. LLC boosted its stake in Cabot Oil & Gas by 134.2% in the first quarter. Massey Quick Simon & CO. LLC now owns 6,850 shares of the oil and gas exploration company’s stock valued at $164,000 after acquiring an additional 3,925 shares during the last quarter. 95.09% of the stock is currently owned by hedge funds and other institutional investors.

Cabot Oil & Gas Company Profile

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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