Shares of Cabot Oil & Gas Corporation (NYSE:COG) have been given a consensus recommendation of “Buy” by the twenty-six ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $29.82.

COG has been the subject of a number of research reports. 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 target price 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 company 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.

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Cabot Oil & Gas Corporation (NYSE:COG) traded down 2.52% during midday trading on Tuesday, hitting $25.97. 6,707,209 shares of the stock traded hands. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $27.14. The stock has a 50-day moving average of $25.08 and a 200 day moving average of $23.93. The firm’s market cap is $12.01 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 (EPS) for the quarter, missing the Zacks’ 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 analysts’ expectations of $454.76 million. During the same period in the previous year, the company earned ($0.07) EPS. Cabot Oil & Gas Corporation’s quarterly revenue was up 86.6% compared to the same quarter last year. 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. 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 0.77%. Cabot Oil & Gas Corporation’s dividend payout ratio is presently -54.05%.

In other news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the sale, the insider now owns 635,124 shares of the company’s stock, valued at $17,014,971.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of COG. BlackRock Inc. lifted its position in shares of Cabot Oil & Gas Corporation by 3,136.9% during the first quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock worth $788,389,000 after purchasing an additional 31,954,562 shares in the last quarter. Capital World Investors lifted its position in shares of Cabot Oil & Gas Corporation by 157.8% during the second quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock worth $679,274,000 after purchasing an additional 16,579,300 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Cabot Oil & Gas Corporation by 59.5% during the first quarter. Neuberger Berman Group LLC now owns 18,569,604 shares of the oil and gas exploration company’s stock worth $443,999,000 after purchasing an additional 6,923,702 shares in the last quarter. PointState Capital LP lifted its position in shares of Cabot Oil & Gas Corporation by 60.9% during the second quarter. PointState Capital LP now owns 18,011,889 shares of the oil and gas exploration company’s stock worth $451,738,000 after purchasing an additional 6,818,389 shares in the last quarter. Finally, Sanders Capital LLC lifted its position in shares of Cabot Oil & Gas Corporation by 34.7% during the first quarter. Sanders Capital LLC now owns 25,830,424 shares of the oil and gas exploration company’s stock worth $630,336,000 after purchasing an additional 6,657,156 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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