Cabot Oil & Gas Corporation (NYSE:COG) was downgraded by analysts at William Blair from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
A number of other equities research analysts have also issued reports on the stock. Stifel Nicolaus initiated coverage on shares of Cabot Oil & Gas Corporation in a report on Thursday, March 23rd. They issued a “buy” rating and a $30.00 price target on the stock. BMO Capital Markets reissued a “buy” rating and issued a $33.00 price target on shares of Cabot Oil & Gas Corporation in a report on Monday, May 15th. Bank of America Corporation raised shares of Cabot Oil & Gas Corporation from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $25.00 to $28.00 in a report on Thursday, May 11th. Scotiabank set a $28.00 price target on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Monday, March 27th. Finally, Macquarie raised shares of Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $29.40.
Cabot Oil & Gas Corporation (NYSE COG) opened at 25.17 on Tuesday. The company has a 50-day moving average of $23.68 and a 200 day moving average of $23.31. Cabot Oil & Gas Corporation has a 12-month low of $20.02 and a 12-month high of $26.74. The firm’s market cap is $11.72 billion.
Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings results on Friday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $517.80 million for the quarter, compared to analyst estimates of $464.45 million. Cabot Oil & Gas Corporation had a negative net margin of 18.70% and a positive return on equity of 1.05%. The company’s revenue was up 83.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) EPS. Equities analysts expect that Cabot Oil & Gas Corporation will post $0.67 EPS for the current fiscal year.
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In other Cabot Oil & Gas Corporation news, insider Todd M. Roemer sold 3,737 shares of Cabot Oil & Gas Corporation stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $24.12, for a total value of $90,136.44. Following the completion of the transaction, the insider now directly owns 62,453 shares of the company’s stock, valued at $1,506,366.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of COG. US Bancorp DE boosted its position in shares of Cabot Oil & Gas Corporation by 25.3% in the second quarter. US Bancorp DE now owns 751,522 shares of the oil and gas exploration company’s stock valued at $18,848,000 after buying an additional 151,938 shares during the period. Aperio Group LLC boosted its position in shares of Cabot Oil & Gas Corporation by 9.9% in the second quarter. Aperio Group LLC now owns 171,383 shares of the oil and gas exploration company’s stock valued at $4,298,000 after buying an additional 15,437 shares during the period. LS Investment Advisors LLC boosted its position in shares of Cabot Oil & Gas Corporation by 6.6% in the second quarter. LS Investment Advisors LLC now owns 17,333 shares of the oil and gas exploration company’s stock valued at $435,000 after buying an additional 1,076 shares during the period. Riggs Asset Managment Co. Inc. boosted its position in shares of Cabot Oil & Gas Corporation by 15.5% in the second quarter. Riggs Asset Managment Co. Inc. now owns 63,699 shares of the oil and gas exploration company’s stock valued at $1,598,000 after buying an additional 8,564 shares during the period. Finally, United Bank Inc. boosted its position in shares of Cabot Oil & Gas Corporation by 4.1% in the second quarter. United Bank Inc. now owns 167,828 shares of the oil and gas exploration company’s stock valued at $4,209,000 after buying an additional 6,647 shares during the period. 96.05% of the stock is owned by institutional investors and hedge funds.
Cabot Oil & Gas Corporation 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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