Shares of Cabot Oil & Gas Corporation (NYSE:COG) have been assigned an average rating of “Buy” from the twenty-five analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $30.20.

COG has been the topic of a number of analyst reports. Scotiabank set a $32.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research report on Saturday, October 21st. TheStreet cut shares of Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a research report on Thursday, August 24th. BMO Capital Markets restated a “buy” rating and issued a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Friday, September 1st. BidaskClub cut shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Cowen and Company restated a “buy” rating and issued a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Tuesday, September 12th.

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Shares of Cabot Oil & Gas Corporation (COG) traded up $0.37 during trading hours on Friday, reaching $29.44. 2,645,327 shares of the company were exchanged, compared to its average volume of 6,030,376. The stock has a market cap of $13,620.00, a PE ratio of 76.34, a PEG ratio of 1.95 and a beta of 0.51. Cabot Oil & Gas Corporation has a one year low of $20.55 and a one year high of $29.48. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Cabot Oil & Gas Corporation had a positive return on equity of 6.63% and a negative net margin of 8.80%. The business had revenue of $385.40 million during the quarter, compared to analysts’ expectations of $400.85 million. During the same quarter in the previous year, the business earned ($0.04) EPS. Cabot Oil & Gas Corporation’s revenue for the quarter was up 24.2% compared to the same quarter last year. equities research analysts predict that Cabot Oil & Gas Corporation will post 0.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Wednesday, November 8th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, November 7th. Cabot Oil & Gas Corporation’s payout ratio is currently -62.50%.

In other news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total value of $319,283.22. Following the transaction, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Dan O. Dinges sold 66,610 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the completion of the transaction, the chairman now owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Cabot Oil & Gas Corporation in the third quarter worth approximately $303,000. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Cabot Oil & Gas Corporation by 31.8% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 693,177 shares of the oil and gas exploration company’s stock worth $18,542,000 after buying an additional 167,083 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Cabot Oil & Gas Corporation by 2.6% in the third quarter. Sterling Capital Management LLC now owns 447,800 shares of the oil and gas exploration company’s stock worth $11,979,000 after buying an additional 11,500 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Cabot Oil & Gas Corporation by 3.4% in the third quarter. Neuberger Berman Group LLC now owns 21,373,544 shares of the oil and gas exploration company’s stock worth $571,742,000 after buying an additional 708,814 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Cabot Oil & Gas Corporation by 2.3% in the third quarter. California Public Employees Retirement System now owns 849,861 shares of the oil and gas exploration company’s stock worth $22,734,000 after buying an additional 19,361 shares in the last quarter. Hedge funds and other institutional investors own 96.32% 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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