Cabot Oil & Gas Corp. (NYSE:COG) received a $25.00 price target from Jefferies Group in a report released on Tuesday. The firm currently has a a “hold” rating on the oil and gas exploration company’s stock. Jefferies Group’s price target indicates a potential upside of 13.07% from the company’s previous close.

A number of other research firms have also recently weighed in on COG. Barclays PLC boosted their price target on Cabot Oil & Gas Corp. from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, September 1st. Stifel Nicolaus reissued a “hold” rating on shares of Cabot Oil & Gas Corp. in a report on Wednesday, August 31st. Williams Capital started coverage on Cabot Oil & Gas Corp. in a report on Monday, August 29th. They issued a “buy” rating and a $30.00 price target for the company. Zacks Investment Research raised Cabot Oil & Gas Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Monday, August 8th. Finally, Drexel Hamilton boosted their price target on Cabot Oil & Gas Corp. from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.87.

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

Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded down 1.379% during trading on Tuesday, reaching $21.805. 6,176,254 shares of the company’s stock were exchanged. Cabot Oil & Gas Corp. has a 12-month low of $14.88 and a 12-month high of $26.74. The stock has a 50-day moving average price of $24.75 and a 200 day moving average price of $24.47. The company’s market capitalization is $10.14 billion.

Cabot Oil & Gas Corp. (NYSE:COG) last released its quarterly earnings results on Friday, July 29th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.01. Cabot Oil & Gas Corp. had a negative return on equity of 4.16% and a negative net margin of 21.59%. The company earned $246.80 million during the quarter, compared to analysts’ expectations of $270.13 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The business’s revenue for the quarter was down 19.4% compared to the same quarter last year. Equities analysts expect that Cabot Oil & Gas Corp. will post ($0.16) EPS for the current fiscal year.

In other Cabot Oil & Gas Corp. news, insider George Kevin Cunningham sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $25.25, for a total transaction of $75,750.00. Following the transaction, the insider now owns 35,990 shares of the company’s stock, valued at approximately $908,747.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cleararc Capital Inc. increased its position in Cabot Oil & Gas Corp. by 10.6% in the first quarter. Cleararc Capital Inc. now owns 11,187 shares of the oil and gas exploration company’s stock worth $254,000 after buying an additional 1,076 shares in the last quarter. Pictet Asset Management Ltd. increased its position in Cabot Oil & Gas Corp. by 0.4% in the first quarter. Pictet Asset Management Ltd. now owns 219,267 shares of the oil and gas exploration company’s stock worth $4,414,000 after buying an additional 800 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Cabot Oil & Gas Corp. by 3.6% in the first quarter. UBS Asset Management Americas Inc. now owns 1,087,963 shares of the oil and gas exploration company’s stock worth $24,708,000 after buying an additional 37,704 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Cabot Oil & Gas Corp. during the first quarter worth approximately $1,004,000. Finally, Rafferty Asset Management LLC increased its position in Cabot Oil & Gas Corp. by 135.2% in the first quarter. Rafferty Asset Management LLC now owns 35,793 shares of the oil and gas exploration company’s stock worth $813,000 after buying an additional 20,574 shares in the last quarter. 94.99% of the stock is currently owned by institutional investors.

About Cabot Oil & Gas Corp.

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.

5 Day Chart for NYSE:COG

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