Piper Jaffray Companies set a $37.00 target price on Cabot Oil & Gas (NYSE:COG) in a research note published on Thursday, December 21st. The firm currently has a buy rating on the oil and gas exploration company’s stock.
A number of other research analysts have also recently commented on the stock. BMO Capital Markets reissued a buy rating and issued a $30.00 target price on shares of Cabot Oil & Gas in a report on Friday, September 1st. Jefferies Group set a $24.00 target price on shares of Cabot Oil & Gas and gave the stock a hold rating in a report on Monday, August 28th. Morgan Stanley reissued a sell rating on shares of Cabot Oil & Gas in a report on Thursday, December 14th. Barclays increased their target price on shares of Cabot Oil & Gas from $28.00 to $30.00 and gave the stock an overweight rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research raised shares of Cabot Oil & Gas from a sell rating to a hold rating in a report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The company has an average rating of Hold and an average target price of $30.95.
Shares of Cabot Oil & Gas (NYSE COG) opened at $28.88 on Thursday. The stock has a market cap of $13,357.23, a PE ratio of 76.00, a price-to-earnings-growth ratio of 0.97 and a beta of 0.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64. Cabot Oil & Gas has a one year low of $20.55 and a one year high of $29.57.
Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $385.40 million for the quarter, compared to analyst estimates of $400.85 million. Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The company’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.04) earnings per share. equities analysts predict that Cabot Oil & Gas will post 0.5 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, January 23rd. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.05. Cabot Oil & Gas’s dividend payout ratio (DPR) is -64.51%.
In other news, Director Robert Kelley purchased 2,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was purchased at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the acquisition, the director now owns 619,500 shares in the company, valued at $17,017,665. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Dan O. Dinges sold 66,610 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the transaction, the chairman now owns 2,887,018 shares of the company’s stock, valued at approximately $80,605,542.56. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp raised its holdings in Cabot Oil & Gas by 127.2% during the 2nd quarter. Stifel Financial Corp now owns 44,262 shares of the oil and gas exploration company’s stock worth $1,126,000 after purchasing an additional 24,777 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Cabot Oil & Gas by 6.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 88,713 shares of the oil and gas exploration company’s stock worth $2,373,000 after purchasing an additional 5,246 shares during the last quarter. Shell Asset Management Co. raised its holdings in Cabot Oil & Gas by 328.6% during the 3rd quarter. Shell Asset Management Co. now owns 125,242 shares of the oil and gas exploration company’s stock worth $4,094,000 after purchasing an additional 96,023 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cabot Oil & Gas by 59.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,521 shares of the oil and gas exploration company’s stock worth $4,151,000 after purchasing an additional 61,978 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in Cabot Oil & Gas by 11.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock worth $518,271,000 after purchasing an additional 2,095,126 shares during the last quarter. Hedge funds and other institutional investors own 95.64% of the company’s stock.
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Cabot Oil & Gas 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.
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