Cabot Oil & Gas Corporation (NYSE:COG) had its price objective cut by Piper Jaffray Companies from $32.00 to $31.00 in a report released on Monday morning. They currently have an overweight rating on the oil and gas exploration company’s stock.

Other analysts have also issued reports about the stock. Cowen and Company 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, July 18th. BidaskClub upgraded shares of Cabot Oil & Gas Corporation from a hold rating to a buy rating in a report on Wednesday, July 5th. Scotiabank set a $28.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a buy rating in a report on Saturday, July 1st. Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from a neutral rating to a buy rating and boosted their price objective for the company from $28.00 to $32.00 in a report on Friday, June 30th. Finally, BMO Capital Markets restated a buy rating and issued a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Thursday, June 22nd. 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. The company presently has a consensus rating of Buy and an average target price of $29.61.

Cabot Oil & Gas Corporation (NYSE:COG) opened at 26.52 on Monday. The stock has a 50 day moving average of $25.31 and a 200-day moving average of $24.13. Cabot Oil & Gas Corporation has a 12-month low of $20.02 and a 12-month high of $27.14. The company’s market capitalization is $12.27 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (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 negative net margin of 10.95% and a positive return on equity of 4.68%. The firm’s quarterly revenue was up 86.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) earnings per share. Equities analysts expect that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current year.

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The business also recently disclosed 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, August 8th. 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 business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the transaction, the insider now directly owns 635,124 shares of the company’s stock, valued at $17,014,971.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in COG. American Century Companies Inc. boosted its holdings 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 valued at $9,465,000 after purchasing an additional 362,833 shares in the last quarter. Suntrust Banks Inc. acquired a new position in Cabot Oil & Gas Corporation in the first quarter valued at approximately $293,000. Comerica Bank boosted its holdings in Cabot Oil & Gas Corporation by 0.6% in the first quarter. Comerica Bank now owns 141,926 shares of the oil and gas exploration company’s stock valued at $3,423,000 after purchasing an additional 794 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Cabot Oil & Gas Corporation by 6.6% in the first quarter. UBS Asset Management Americas Inc. now owns 1,185,917 shares of the oil and gas exploration company’s stock valued at $28,355,000 after purchasing an additional 73,412 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in Cabot Oil & Gas Corporation in the first quarter valued at approximately $3,729,000. 96.32% 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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