Cabot Oil & Gas (NYSE:COG)‘s stock had its “neutral” rating reaffirmed by investment analysts at Susquehanna Bancshares in a research report issued to clients and investors on Wednesday. They currently have a $32.00 target price on the oil and gas exploration company’s stock. Susquehanna Bancshares’ target price points to a potential upside of 16.32% from the company’s current price.
A number of other research firms also recently issued reports on COG. KeyCorp set a $30.00 price target on Cabot Oil & Gas and gave the company a “buy” rating in a research note on Saturday, November 25th. JPMorgan Chase & Co. set a $37.00 price target on Cabot Oil & Gas and gave the company a “buy” rating in a research note on Monday, November 27th. Barclays boosted their price target on Cabot Oil & Gas from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Scotiabank restated a “buy” rating on shares of Cabot Oil & Gas in a research note on Wednesday, November 22nd. Finally, Zacks Investment Research downgraded Cabot Oil & Gas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. Cabot Oil & Gas presently has an average rating of “Hold” and an average target price of $31.21.
Cabot Oil & Gas (NYSE:COG) traded down $0.06 during trading on Wednesday, hitting $27.51. The company’s stock had a trading volume of 4,382,703 shares, compared to its average volume of 5,019,554. The company has a market cap of $12,720.00, a P/E ratio of -85.97, a P/E/G ratio of 0.90 and a beta of 0.53. Cabot Oil & Gas has a 1-year low of $20.55 and a 1-year high of $29.57. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49.
Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $385.40 million for the quarter, compared to the consensus estimate of $400.85 million. Cabot Oil & Gas had a negative net margin of 8.80% and a positive return on equity of 6.63%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. equities research analysts forecast that Cabot Oil & Gas will post 0.5 EPS for the current fiscal year.
In other Cabot Oil & Gas news, Director Robert Kelley purchased 2,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was acquired at an average cost of $27.47 per share, for a total transaction of $54,940.00. Following the purchase, the director now directly owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Dan O. Dinges sold 66,610 shares of the company’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 value of $1,859,751.20. Following the completion of the transaction, the chairman now owns 2,887,018 shares of the company’s stock, valued at $80,605,542.56. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Westwood Holdings Group Inc. bought a new position in Cabot Oil & Gas in the 2nd quarter worth approximately $100,000. Advisors Asset Management Inc. bought a new position in Cabot Oil & Gas in the 3rd quarter worth approximately $130,000. Pinebridge Investments L.P. bought a new position in Cabot Oil & Gas in the 2nd quarter worth approximately $163,000. Private Advisor Group LLC bought a new position in Cabot Oil & Gas in the 2nd quarter worth approximately $201,000. Finally, Reliance Trust Co. of Delaware bought a new position in Cabot Oil & Gas in the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds own 95.63% 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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