Cabot Oil & Gas Co. (NYSE:COG)’s share price dropped 3.8% on Thursday . The company traded as low as $17.78 and last traded at $17.78. Approximately 207,600 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 5,836,215 shares. The stock had previously closed at $18.48.

Several research analysts have commented on COG shares. Bank of America downgraded shares of Cabot Oil & Gas from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 6th. Johnson Rice reissued a “hold” rating and issued a $21.00 price target on shares of Cabot Oil & Gas in a report on Monday, March 15th. Morgan Stanley raised their price target on shares of Cabot Oil & Gas from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, March 17th. TheStreet raised shares of Cabot Oil & Gas from a “c” rating to a “b-” rating in a report on Tuesday, February 23rd. Finally, Siebert Williams Shank reissued a “buy” rating on shares of Cabot Oil & Gas in a report on Tuesday, February 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $20.12.

The company has a market cap of $7.05 billion, a PE ratio of 29.81 and a beta of 0.16. The business’s 50-day moving average is $18.68 and its 200 day moving average is $18.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.80 and a current ratio of 0.84.

Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings data on Monday, February 22nd. The oil and gas exploration company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Cabot Oil & Gas had a net margin of 16.73% and a return on equity of 8.84%. The firm had revenue of $456.78 million for the quarter, compared to analysts’ expectations of $409.37 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts anticipate that Cabot Oil & Gas Co. will post 0.52 EPS for the current fiscal year.

In related news, insider Steven W. Lindeman sold 35,500 shares of the business’s stock in a transaction dated Thursday, March 11th. The shares were sold at an average price of $19.34, for a total transaction of $686,570.00. Also, Treasurer Matthew P. Kerin sold 19,000 shares of the business’s stock in a transaction dated Thursday, March 11th. The shares were sold at an average price of $19.40, for a total transaction of $368,600.00. 2.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Aristotle Capital Management LLC increased its position in shares of Cabot Oil & Gas by 4.3% during the fourth quarter. Aristotle Capital Management LLC now owns 39,193,566 shares of the oil and gas exploration company’s stock valued at $638,071,000 after buying an additional 1,609,884 shares during the period. Bank of New York Mellon Corp increased its position in shares of Cabot Oil & Gas by 6.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,262,648 shares of the oil and gas exploration company’s stock valued at $134,516,000 after buying an additional 514,461 shares during the period. Northern Trust Corp increased its position in shares of Cabot Oil & Gas by 2.5% during the fourth quarter. Northern Trust Corp now owns 5,775,190 shares of the oil and gas exploration company’s stock valued at $94,021,000 after buying an additional 138,317 shares during the period. Menora Mivtachim Holdings LTD. increased its position in shares of Cabot Oil & Gas by 0.8% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 5,482,500 shares of the oil and gas exploration company’s stock valued at $89,255,000 after buying an additional 45,000 shares during the period. Finally, Primecap Management Co. CA increased its position in shares of Cabot Oil & Gas by 1.1% during the fourth quarter. Primecap Management Co. CA now owns 4,921,454 shares of the oil and gas exploration company’s stock valued at $80,121,000 after buying an additional 54,500 shares during the period. Institutional investors own 96.91% of the company’s stock.

Cabot Oil & Gas Company Profile (NYSE:COG)

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets oil and gas properties in the United States. It primarily focuses on the Marcellus Shale with approximately 175,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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