Cabot Oil & Gas Corporation (NYSE:COG)‘s stock had its “buy” rating reaffirmed by analysts at Cowen and Company in a report issued on Tuesday. They presently have a $30.00 target price on the oil and gas exploration company’s stock. Cowen and Company’s price objective would indicate a potential upside of 13.59% from the stock’s previous close.

COG has been the subject of a number of other research reports. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 price target on shares of Cabot Oil & Gas Corporation in a research note on Friday, September 1st. Jefferies Group LLC set a $24.00 price target on Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a research note on Monday, August 28th. TheStreet lowered Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a research note on Thursday, August 24th. Scotiabank set a $30.00 price target on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Finally, Barclays PLC reiterated a “buy” rating and issued a $28.00 price target on shares of Cabot Oil & Gas Corporation in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $29.67.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) opened at 26.41 on Tuesday. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $27.14. The company’s market cap is $12.21 billion. The company’s 50-day moving average price is $25.15 and its 200 day moving average price is $24.00.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $460.50 million during the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 86.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. On average, analysts predict that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current fiscal year.

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In other Cabot Oil & Gas Corporation news, insider Jeffrey W. Hutton sold 11,918 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total value of $319,283.22. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in COG. Strs Ohio lifted its stake in Cabot Oil & Gas Corporation by 2.4% in the first quarter. Strs Ohio now owns 43,900 shares of the oil and gas exploration company’s stock worth $1,049,000 after purchasing an additional 1,015 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Cabot Oil & Gas Corporation by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 48,719 shares of the oil and gas exploration company’s stock worth $1,165,000 after purchasing an additional 600 shares during the last quarter. American Century Companies Inc. lifted its stake in Cabot Oil & Gas Corporation by 1,099.3% in the first quarter. American Century Companies Inc. now owns 395,840 shares of the oil and gas exploration company’s stock worth $9,465,000 after purchasing an additional 362,833 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Cabot Oil & Gas Corporation by 96.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 38,322 shares of the oil and gas exploration company’s stock worth $933,000 after purchasing an additional 18,774 shares during the last quarter. Finally, Suntrust Banks Inc. bought a new stake in Cabot Oil & Gas Corporation in the first quarter worth about $293,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Cabot Oil & Gas Corporation Company Profile

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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