Cabot Oil & Gas (COG) Given a $30.00 Price Target by Williams Capital Analysts

Williams Capital set a $30.00 price objective on Cabot Oil & Gas (NYSE:COG) in a report released on Friday morning. The firm currently has a hold rating on the oil and gas exploration company’s stock.

A number of other analysts also recently commented on the company. Tudor Pickering upgraded Cabot Oil & Gas from a hold rating to a buy rating in a report on Monday, February 12th. ValuEngine cut shares of Cabot Oil & Gas from a hold rating to a sell rating in a research report on Monday, February 5th. Zacks Investment Research raised shares of Cabot Oil & Gas from a hold rating to a strong-buy rating and set a $33.00 price target for the company in a research report on Wednesday, January 24th. KeyCorp set a $35.00 price target on shares of Cabot Oil & Gas and gave the stock a buy rating in a research report on Sunday, January 21st. Finally, Susquehanna Bancshares reaffirmed a neutral rating and set a $32.00 price target on shares of Cabot Oil & Gas in a research report on Wednesday, January 17th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cabot Oil & Gas has a consensus rating of Hold and a consensus price target of $31.53.

Cabot Oil & Gas (NYSE COG) traded up $0.58 during mid-day trading on Friday, hitting $24.46. The stock had a trading volume of 8,510,000 shares, compared to its average volume of 5,820,000. The firm has a market cap of $11,310.00, a P/E ratio of -78.90, a price-to-earnings-growth ratio of 0.64 and a beta of 0.39. 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 has a 1-year low of $21.40 and a 1-year high of $29.57.

Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings data on Friday, February 23rd. The oil and gas exploration company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $400.50 million during the quarter, compared to the consensus estimate of $422.12 million. Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. equities analysts forecast that Cabot Oil & Gas will post 0.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th were given a $0.06 dividend. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Tuesday, January 23rd. Cabot Oil & Gas’s dividend payout ratio is presently -77.42%.

Cabot Oil & Gas declared that its board has authorized a share repurchase plan on Friday, February 23rd that permits the company to repurchase 30,000,000 shares. This repurchase authorization permits the oil and gas exploration company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB boosted its position in Cabot Oil & Gas by 8.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 45,846 shares of the oil and gas exploration company’s stock valued at $1,311,000 after buying an additional 3,721 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Cabot Oil & Gas by 7.7% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,570 shares of the oil and gas exploration company’s stock valued at $4,993,000 after buying an additional 12,498 shares during the last quarter. Ashburton Jersey Ltd purchased a new position in Cabot Oil & Gas in the 4th quarter valued at about $944,000. SevenBridge Financial Group LLC boosted its position in Cabot Oil & Gas by 331.9% in the 4th quarter. SevenBridge Financial Group LLC now owns 43,082 shares of the oil and gas exploration company’s stock valued at $1,232,000 after buying an additional 33,107 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in Cabot Oil & Gas in the 4th quarter valued at about $4,093,000. 99.16% of the stock is owned by institutional investors.

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About Cabot Oil & Gas

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 (NYSE:COG)

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