Cabot Oil & Gas Corporation (NYSE:COG) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 6,669 put options on the company. This represents an increase of 394% compared to the typical volume of 1,349 put options.

A number of equities research analysts have recently weighed in on COG shares. TheStreet lowered shares of Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a report on Thursday, August 24th. Williams Capital set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a report on Friday, July 28th. Scotiabank set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Tuesday, August 22nd. William Blair lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, ValuEngine lowered shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.67.

Hedge funds have recently added to or reduced their stakes in the company. First Manhattan Co. acquired a new stake in Cabot Oil & Gas Corporation during the first quarter valued at $100,000. Westwood Holdings Group Inc. acquired a new stake in Cabot Oil & Gas Corporation during the second quarter valued at $100,000. IFP Advisors Inc increased its stake in Cabot Oil & Gas Corporation by 11.1% in the second quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 457 shares during the period. Parallel Advisors LLC increased its stake in Cabot Oil & Gas Corporation by 1.4% in the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after buying an additional 71 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Cabot Oil & Gas Corporation by 83.8% in the first 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 buying an additional 3,100 shares during the period. Institutional investors and hedge funds own 96.34% of the company’s stock.

Cabot Oil & Gas Corporation (NYSE COG) opened at 25.55 on Friday. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $26.74. The firm’s 50-day moving average is $24.88 and its 200-day moving average is $23.82. The stock’s market capitalization is $11.82 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last released its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.01. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The business had revenue of $460.50 million for the quarter, compared to the consensus estimate of $454.76 million. During the same quarter last year, the business posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 86.6% compared to the same quarter last year. On average, equities analysts expect that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is -54.05%.

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About Cabot Oil & Gas Corporation

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.

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