Cabot Oil & Gas Co. (COG) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Cabot Oil & Gas Co. (NYSE:COG) have received an average rating of “Hold” from the twenty-six ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.06.

COG has been the subject of a number of recent research reports. Morgan Stanley downgraded Cabot Oil & Gas from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $29.00 to $23.00 in a research note on Wednesday, September 26th. UBS Group upgraded Cabot Oil & Gas from a “neutral” rating to a “positive” rating in a research note on Monday, July 30th. Wells Fargo & Co downgraded Cabot Oil & Gas from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 23rd. Evercore ISI upgraded Cabot Oil & Gas from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $28.00 to $30.00 in a research note on Friday, September 7th. Finally, TheStreet upgraded Cabot Oil & Gas from a “c” rating to a “b-” rating in a research note on Friday, October 26th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Twin Tree Management LP lifted its holdings in Cabot Oil & Gas by 15.6% in the 3rd quarter. Twin Tree Management LP now owns 141,371 shares of the oil and gas exploration company’s stock worth $3,184,000 after purchasing an additional 19,055 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Cabot Oil & Gas by 3.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 67,424 shares of the oil and gas exploration company’s stock worth $1,517,000 after purchasing an additional 2,539 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Cabot Oil & Gas by 13.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,440,907 shares of the oil and gas exploration company’s stock worth $280,169,000 after purchasing an additional 1,472,233 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in Cabot Oil & Gas by 436.2% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 27,670 shares of the oil and gas exploration company’s stock worth $623,000 after purchasing an additional 22,510 shares in the last quarter. Finally, Norinchukin Bank The lifted its holdings in Cabot Oil & Gas by 10.9% in the 3rd quarter. Norinchukin Bank The now owns 56,744 shares of the oil and gas exploration company’s stock worth $1,278,000 after purchasing an additional 5,591 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Shares of Cabot Oil & Gas stock traded up $0.56 during trading hours on Friday, reaching $25.79. 416,875 shares of the stock traded hands, compared to its average volume of 8,108,809. The company has a market cap of $11.12 billion, a P/E ratio of 53.71, a P/E/G ratio of 0.83 and a beta of 0.27. Cabot Oil & Gas has a one year low of $20.94 and a one year high of $29.57. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.58.

Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings results on Friday, October 26th. The oil and gas exploration company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The firm had revenue of $545.10 million for the quarter, compared to the consensus estimate of $482.74 million. Cabot Oil & Gas had a net margin of 12.69% and a return on equity of 14.87%. The company’s revenue for the quarter was up 41.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Research analysts anticipate that Cabot Oil & Gas will post 1.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.07 per share. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Tuesday, November 6th. Cabot Oil & Gas’s payout ratio is presently 58.33%.

About Cabot Oil & Gas

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.

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Analyst Recommendations for Cabot Oil & Gas (NYSE:COG)

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