Cabot Oil & Gas Corporation (NYSE:COG) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a note issued to investors on Thursday.
COG has been the topic of a number of other reports. BMO Capital Markets restated a “buy” rating and set a $33.00 target price on shares of Cabot Oil & Gas Corporation in a research report on Monday, May 15th. Jefferies Group LLC set a $23.00 target price on shares of Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 17th. Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $28.00 to $32.00 in a research report on Friday, June 30th. Zacks Investment Research lowered shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $35.00 target price on shares of Cabot Oil & Gas Corporation in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $29.61.
Cabot Oil & Gas Corporation (COG) opened at 24.85 on Thursday. The firm has a 50-day moving average of $24.85 and a 200 day moving average of $23.79. The company’s market capitalization is $11.49 billion. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $26.74.
Cabot Oil & Gas Corporation (NYSE:COG) last announced its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $460.50 million for the quarter, compared to analysts’ expectations of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The business’s revenue was up 86.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) earnings per share. Equities analysts predict that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in COG. Macquarie Group Ltd. increased its position in Cabot Oil & Gas Corporation by 186.5% in the fourth quarter. Macquarie Group Ltd. now owns 10,600 shares of the oil and gas exploration company’s stock valued at $248,000 after buying an additional 6,900 shares during the period. DnB Asset Management AS increased its position in Cabot Oil & Gas Corporation by 38.9% in the first quarter. DnB Asset Management AS now owns 54,228 shares of the oil and gas exploration company’s stock valued at $1,297,000 after buying an additional 15,200 shares during the period. Nisa Investment Advisors LLC increased its position in Cabot Oil & Gas Corporation by 4.6% in the first quarter. Nisa Investment Advisors LLC now owns 155,330 shares of the oil and gas exploration company’s stock valued at $3,714,000 after buying an additional 6,820 shares during the period. State of Alaska Department of Revenue purchased a new position in Cabot Oil & Gas Corporation during the first quarter valued at about $418,000. Finally, Nationwide Fund Advisors increased its position in Cabot Oil & Gas Corporation by 12.1% in the first quarter. Nationwide Fund Advisors now owns 583,251 shares of the oil and gas exploration company’s stock valued at $13,946,000 after buying an additional 63,168 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.
About Cabot Oil & Gas Corporation
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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