Cabot Oil & Gas Corporation (COG) Getting Somewhat Positive Media Coverage, Report Shows
Media headlines about Cabot Oil & Gas Corporation (NYSE:COG) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cabot Oil & Gas Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the oil and gas exploration company an impact score of 46.4123157490712 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Cabot Oil & Gas Corporation (COG) 14.52% off from 200- SMA (vothemes.com)
- Cabot Oil & Gas Corporation (COG)- Performance Assessment Proving Vital for Investment (iphonefresh.com)
- Cabot Oil & Gas Corporation (COG): A Detailed Look at its Institutional Ownership (wobko.net)
- What Are the Trends in EQT’s Implied Volatility? (finance.yahoo.com)
- Cabot Oil & Gas Earns Relative Strength Rating Upgrade; Hits Key Benchmark (finance.yahoo.com)
Cabot Oil & Gas Corporation (NYSE:COG) traded down 0.15% during midday trading on Wednesday, hitting $26.92. The stock had a trading volume of 5,887,639 shares. The firm’s market capitalization is $12.45 billion. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $27.14. The firm has a 50-day moving average of $25.01 and a 200 day moving average of $23.89.
Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The business’s revenue was up 86.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. On average, equities analysts forecast that Cabot Oil & Gas Corporation will post $0.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors 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 dividend on an annualized basis and a yield of 0.74%. Cabot Oil & Gas Corporation’s payout ratio is presently -54.05%.
COG has been the topic of several analyst reports. TheStreet cut Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a research report on Thursday, August 24th. Williams Capital set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the company a “hold” rating in a research report on Friday, July 28th. Scotiabank set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research report on Tuesday, August 22nd. William Blair cut Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, ValuEngine cut Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $29.67.
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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