Cabot Oil & Gas Corporation (NYSE:COG) Given a $30.00 Price Target by Cowen and Company Analysts

Cowen and Company set a $30.00 price objective on Cabot Oil & Gas Corporation (NYSE:COG) in a research note released on Wednesday, October 18th. The firm currently has a buy rating on the oil and gas exploration company’s stock.

COG has been the subject of a number of other research reports. Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from a neutral rating to a buy rating and lifted their price objective for the company from $28.00 to $32.00 in a report on Friday, June 30th. Zacks Investment Research lowered shares of Cabot Oil & Gas Corporation from a hold rating to a sell rating in a report on Tuesday, July 18th. BMO Capital Markets set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a buy rating in a report on Sunday, July 30th. Scotiabank set a $28.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a buy rating in a report on Saturday, July 1st. Finally, Piper Jaffray Companies decreased their price objective on shares of Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an overweight rating for the company in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $29.29.

Shares of Cabot Oil & Gas Corporation (NYSE COG) traded up 8.52% during midday trading on Wednesday, hitting $26.75. The company had a trading volume of 12,719,055 shares. The company’s market capitalization is $12.37 billion. The company’s 50-day moving average price is $26.08 and its 200 day moving average price is $24.68. Cabot Oil & Gas Corporation has a 12-month low of $20.02 and a 12-month high of $27.14.

Cabot Oil & Gas Corporation (NYSE:COG) last released its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $385.40 million during the quarter, compared to the consensus estimate of $400.85 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. Cabot Oil & Gas Corporation’s revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. Equities research analysts predict that Cabot Oil & Gas Corporation will post $0.55 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 7th. Cabot Oil & Gas Corporation’s payout ratio is -54.05%.

In other Cabot Oil & Gas Corporation news, insider Jeffrey W. Hutton sold 11,918 shares of Cabot Oil & Gas Corporation stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the sale, the insider now directly owns 635,124 shares in the company, valued at approximately $17,014,971.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp lifted its stake in shares of Cabot Oil & Gas Corporation by 127.2% in the 2nd quarter. Stifel Financial Corp now owns 44,262 shares of the oil and gas exploration company’s stock valued at $1,126,000 after purchasing an additional 24,777 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Cabot Oil & Gas Corporation by 59.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,521 shares of the oil and gas exploration company’s stock valued at $4,151,000 after purchasing an additional 61,978 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Cabot Oil & Gas Corporation by 11.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock valued at $518,271,000 after purchasing an additional 2,095,126 shares during the period. Shell Asset Management Co. lifted its stake in shares of Cabot Oil & Gas Corporation by 328.6% in the 3rd quarter. Shell Asset Management Co. now owns 125,242 shares of the oil and gas exploration company’s stock valued at $4,094,000 after purchasing an additional 96,023 shares during the period. Finally, Federated Investors Inc. PA lifted its stake in shares of Cabot Oil & Gas Corporation by 1,257.5% in the 2nd quarter. Federated Investors Inc. PA now owns 130,509 shares of the oil and gas exploration company’s stock valued at $3,273,000 after purchasing an additional 120,895 shares during the period. Hedge funds and other institutional investors own 96.33% 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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