Cabot Oil & Gas Corporation (NYSE:COG) had its target price hoisted by equities research analysts at Barclays PLC from $28.00 to $30.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has an “overweight” rating on the oil and gas exploration company’s stock. Barclays PLC’s price target points to a potential upside of 15.38% from the company’s current price.

COG has been the subject of several other reports. TheStreet cut Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a report on Thursday, August 24th. BidaskClub cut Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BMO Capital Markets restated a “buy” rating and set a $30.00 target price on shares of Cabot Oil & Gas Corporation in a report on Friday, September 1st. Cowen and Company restated a “buy” rating and set a $30.00 target price on shares of Cabot Oil & Gas Corporation in a report on Tuesday, September 12th. Finally, Scotiabank set a $30.00 target price on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. Cabot Oil & Gas Corporation currently has an average rating of “Hold” and a consensus target price of $29.06.

Cabot Oil & Gas Corporation (NYSE COG) opened at 26.00 on Wednesday. The company’s market capitalization is $12.02 billion. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $27.14. The stock’s 50 day moving average price is $26.16 and its 200-day moving average price is $24.58.

Cabot Oil & Gas Corporation (NYSE:COG) last issued 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). The company had revenue of $460.50 million for 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 company’s revenue was up 86.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. On average, equities research analysts predict that Cabot Oil & Gas Corporation will post $0.58 EPS 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 stock in a transaction that occurred on Tuesday, September 5th. The stock was 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 in the company, valued at approximately $17,014,971.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. raised its position in shares of Cabot Oil & Gas Corporation by 6.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,185,917 shares of the oil and gas exploration company’s stock worth $28,355,000 after acquiring an additional 73,412 shares in the last quarter. Stifel Financial Corp raised its position in shares of Cabot Oil & Gas Corporation by 111.4% in the 1st quarter. Stifel Financial Corp now owns 19,485 shares of the oil and gas exploration company’s stock worth $469,000 after acquiring an additional 10,268 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Cabot Oil & Gas Corporation by 1.9% in the 1st quarter. OppenheimerFunds Inc. now owns 24,532 shares of the oil and gas exploration company’s stock worth $587,000 after acquiring an additional 455 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Cabot Oil & Gas Corporation by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 734,991 shares of the oil and gas exploration company’s stock worth $17,573,000 after acquiring an additional 22,877 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Cabot Oil & Gas Corporation by 5.7% in the 1st quarter. Teachers Advisors LLC now owns 627,051 shares of the oil and gas exploration company’s stock worth $14,993,000 after acquiring an additional 34,042 shares in the last quarter. Institutional investors and hedge funds own 96.33% of the company’s stock.

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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