ValuEngine lowered shares of Cabot Oil & Gas (NYSE:COG) from a hold rating to a sell rating in a report published on Tuesday.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Cabot Oil & Gas from a strong-buy rating to a hold rating in a research note on Tuesday, February 27th. Piper Jaffray Companies set a $36.00 price target on shares of Cabot Oil & Gas and gave the stock a buy rating in a research note on Wednesday, March 14th. Jefferies Financial Group reaffirmed a hold rating and set a $25.00 price target on shares of Cabot Oil & Gas in a research note on Monday, March 19th. Morgan Stanley boosted their price objective on shares of Cabot Oil & Gas from $31.00 to $32.00 and gave the company a buy rating in a research report on Monday, April 30th. Finally, BMO Capital Markets reissued a buy rating and issued a $31.00 price objective on shares of Cabot Oil & Gas in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $30.11.
Cabot Oil & Gas opened at $23.66 on Tuesday, MarketBeat.com reports. Cabot Oil & Gas has a 12 month low of $21.71 and a 12 month high of $29.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.42 and a quick ratio of 2.40. The stock has a market cap of $10.56 billion, a P/E ratio of 49.29, a PEG ratio of 0.76 and a beta of 0.38.
Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings results on Friday, April 27th. The oil and gas exploration company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Cabot Oil & Gas had a net margin of 6.51% and a return on equity of 10.56%. The firm had revenue of $473.20 million during the quarter, compared to analysts’ expectations of $471.25 million. During the same period in the previous year, the company earned $0.19 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. research analysts expect that Cabot Oil & Gas will post 1.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 30th. Stockholders of record on Wednesday, May 16th were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, May 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.01%. Cabot Oil & Gas’s payout ratio is presently 50.00%.
In other Cabot Oil & Gas news, Director Robert Kelley purchased 50,000 shares of the stock in a transaction dated Tuesday, May 29th. The stock was purchased at an average price of $22.25 per share, with a total value of $1,112,500.00. Following the transaction, the director now owns 681,717 shares of the company’s stock, valued at $15,168,203.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in COG. Dynamic Technology Lab Private Ltd bought a new position in shares of Cabot Oil & Gas during the 1st quarter worth approximately $1,373,000. Suntrust Banks Inc. raised its stake in shares of Cabot Oil & Gas by 18.1% during the 1st quarter. Suntrust Banks Inc. now owns 14,579 shares of the oil and gas exploration company’s stock worth $349,000 after acquiring an additional 2,230 shares in the last quarter. Amalgamated Bank raised its stake in shares of Cabot Oil & Gas by 7.5% during the 1st quarter. Amalgamated Bank now owns 60,697 shares of the oil and gas exploration company’s stock worth $1,456,000 after acquiring an additional 4,256 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Cabot Oil & Gas by 88.4% during the 1st quarter. WINTON GROUP Ltd now owns 21,464 shares of the oil and gas exploration company’s stock worth $515,000 after acquiring an additional 10,072 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Cabot Oil & Gas by 14.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 52,396 shares of the oil and gas exploration company’s stock worth $1,256,000 after acquiring an additional 6,550 shares in the last quarter. 95.09% of the stock is owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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