Cabot Oil & Gas Corporation (COG) Receives “Buy” Rating from Cowen and Company

Cabot Oil & Gas Corporation (NYSE:COG)‘s stock had its “buy” rating reiterated by equities researchers at Cowen and Company in a report issued on Tuesday. They presently have a $30.00 price target on the oil and gas exploration company’s stock. Cowen and Company’s price target points to a potential upside of 13.94% from the company’s current price.

COG has been the subject of a number of other reports. BMO Capital Markets reissued a “buy” rating and issued a $33.00 target price on shares of Cabot Oil & Gas Corporation in a research report on Monday, May 15th. Bank of America Corporation raised Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $28.00 to $32.00 in a research report on Friday, June 30th. Jefferies Group LLC set a $23.00 price target on Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a report on Wednesday, May 17th. Zacks Investment Research lowered Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Scotiabank set a $28.00 price target on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.67.

Cabot Oil & Gas Corporation (NYSE COG) remained flat at $26.33 during mid-day trading on Tuesday. 2,844,830 shares of the company’s stock were exchanged. The stock’s market cap is $12.18 billion. The company’s 50-day moving average price is $25.15 and its 200-day moving average price is $24.00. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $27.14.

Cabot Oil & Gas Corporation (NYSE:COG) last released its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The firm had revenue of $460.50 million during the quarter, compared to analysts’ expectations of $454.76 million. During the same period in the prior year, the business earned ($0.07) earnings per share. The business’s quarterly revenue was up 86.6% compared to the same quarter last year. On average, equities research analysts anticipate that Cabot Oil & Gas Corporation will post $0.60 earnings per share 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 firm’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 sale, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COG. Strs Ohio raised its position in Cabot Oil & Gas Corporation by 2.4% during the first quarter. Strs Ohio now owns 43,900 shares of the oil and gas exploration company’s stock valued at $1,049,000 after purchasing an additional 1,015 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Cabot Oil & Gas Corporation by 1.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 48,719 shares of the oil and gas exploration company’s stock valued at $1,165,000 after purchasing an additional 600 shares in the last quarter. American Century Companies Inc. raised its position in Cabot Oil & Gas Corporation by 1,099.3% during 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. DekaBank Deutsche Girozentrale raised its position in Cabot Oil & Gas Corporation by 96.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 38,322 shares of the oil and gas exploration company’s stock valued at $933,000 after purchasing an additional 18,774 shares in the last quarter. Finally, Suntrust Banks Inc. purchased a new stake in Cabot Oil & Gas Corporation during the first quarter valued at about $293,000. Institutional investors and hedge funds own 96.35% 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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