Somewhat Positive News Coverage Somewhat Unlikely to Affect Cabot Oil & Gas (COG) Stock Price
Media coverage about Cabot Oil & Gas (NYSE:COG) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cabot Oil & Gas earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news coverage about the oil and gas exploration company an impact score of 46.9168393295005 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- Investors are upbeat on the prospect of these Stocks: Cabot Oil & Gas Corporation (NYSE:COG), SM Energy Company … (journalfinance.net)
- Stock Performance Activity to Track:: Johnson & Johnson, (NYSE: JNJ), Cabot Oil & Gas Corporation, (NYSE: COG) (globalexportlines.com)
- Technical Tracker: Following Shares of Cabot Oil & Gas Corp (COG) (cantoncaller.com)
- Worth Watching Stocks Roundup: Cabot Oil & Gas Corporation, (NYSE: COG), HighPoint Resources Corporation … (nysetradingnews.com)
- Cabot Oil & Gas Corp (COG) Sees The Tape Move Mid-Market (cantoncaller.com)
Several equities analysts have recently weighed in on COG shares. Morgan Stanley decreased their target price on Cabot Oil & Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, May 24th. ValuEngine downgraded Cabot Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. TD Securities started coverage on Cabot Oil & Gas in a research report on Thursday, July 5th. They issued a “buy” rating and a $29.00 target price on the stock. Stifel Nicolaus started coverage on Cabot Oil & Gas in a research report on Tuesday, May 22nd. They issued a “hold” rating and a $22.00 target price on the stock. Finally, Bank of America downgraded Cabot Oil & Gas from a “buy” rating to an “underperform” rating and set a $27.00 target price on the stock. in a research report on Thursday, May 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. Cabot Oil & Gas currently has a consensus rating of “Buy” and an average price target of $29.95.
Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings results on Friday, July 27th. The oil and gas exploration company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). Cabot Oil & Gas had a net margin of 7.75% and a return on equity of 10.84%. The company had revenue of $453.50 million during the quarter, compared to analyst estimates of $384.57 million. During the same period in the prior year, the business posted $0.14 EPS. Cabot Oil & Gas’s revenue for the quarter was down 1.5% compared to the same quarter last year. equities research analysts anticipate that Cabot Oil & Gas will post 0.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Thursday, August 9th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, August 8th. This represents a $0.24 annualized dividend and a yield of 0.99%. Cabot Oil & Gas’s dividend payout ratio (DPR) is 50.00%.
Cabot Oil & Gas Company Profile
Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.
Featured Story: Hedge Funds – Risk or Reward?
Receive News & Ratings for Cabot Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.