Cabot Oil & Gas Co. (NYSE:COG) has been assigned a consensus recommendation of “Hold” from the twenty-six brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $29.06.
A number of equities research analysts have commented on the stock. Susquehanna Bancshares raised shares of Cabot Oil & Gas from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $27.00 to $28.00 in a research report on Monday, July 30th. Morgan Stanley lifted their target price on shares of Cabot Oil & Gas from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, July 12th. Zacks Investment Research downgraded shares of Cabot Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Williams Capital set a $26.00 target price on shares of Cabot Oil & Gas and gave the stock a “hold” rating in a research report on Friday, October 26th. Finally, ValuEngine downgraded shares of Cabot Oil & Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th.
Hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new stake in shares of Cabot Oil & Gas during the 2nd quarter valued at $123,000. Cerebellum GP LLC grew its position in shares of Cabot Oil & Gas by 198.9% during the 3rd quarter. Cerebellum GP LLC now owns 7,671 shares of the oil and gas exploration company’s stock valued at $173,000 after acquiring an additional 5,105 shares during the period. Avestar Capital LLC grew its position in shares of Cabot Oil & Gas by 40.6% during the 3rd quarter. Avestar Capital LLC now owns 10,124 shares of the oil and gas exploration company’s stock valued at $209,000 after acquiring an additional 2,924 shares during the period. Parkwood LLC bought a new stake in shares of Cabot Oil & Gas during the 2nd quarter valued at $212,000. Finally, Welch & Forbes LLC bought a new stake in shares of Cabot Oil & Gas during the 2nd quarter valued at $214,000. 96.03% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE COG opened at $25.79 on Friday. Cabot Oil & Gas has a twelve month low of $20.94 and a twelve month high of $29.57. The company has a market capitalization of $10.59 billion, a P/E ratio of 53.73, a PEG ratio of 0.79 and a beta of 0.27. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.58.
Cabot Oil & Gas (NYSE:COG) last posted its earnings results on Friday, October 26th. The oil and gas exploration company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Cabot Oil & Gas had a return on equity of 14.87% and a net margin of 12.69%. The company had revenue of $545.10 million during the quarter, compared to the consensus estimate of $482.74 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 41.4% on a year-over-year basis. Sell-side analysts expect that Cabot Oil & Gas will post 1.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.07 per share. This is an increase from Cabot Oil & Gas’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, November 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.09%. Cabot Oil & Gas’s payout ratio is presently 50.00%.
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.
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