Cabot Oil & Gas Corporation (COG) Stock Rating Reaffirmed by Williams Capital

Cabot Oil & Gas Corporation (NYSE:COG)‘s stock had its “hold” rating reissued by analysts at Williams Capital in a research note issued to investors on Monday. They currently have a $28.00 price target on the oil and gas exploration company’s stock. Williams Capital’s price target suggests a potential upside of 10.41% from the company’s previous close.

COG has been the topic of a number of other reports. Bank of America Corporation raised shares of Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $28.00 to $32.00 in a research note on Friday, June 30th. Zacks Investment Research cut shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Cowen and Company reissued a “buy” rating and issued a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research note on Tuesday, September 12th. BMO Capital Markets set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Sunday, July 30th. Finally, Scotiabank set a $28.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.94.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) opened at 25.36 on Monday. The company’s 50-day moving average is $26.12 and its 200 day moving average is $24.56. The firm’s market cap is $11.73 billion. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $27.14.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The company had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. During the same period last year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was up 86.6% compared to the same quarter last year. On average, analysts expect that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current fiscal year.

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In other Cabot Oil & Gas Corporation news, insider Jeffrey W. Hutton sold 11,918 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the sale, the insider now directly owns 635,124 shares of the company’s stock, valued at approximately $17,014,971.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Centre Asset Management LLC boosted its stake in shares of Cabot Oil & Gas Corporation by 1.7% during the 3rd quarter. Centre Asset Management LLC now owns 347,500 shares of the oil and gas exploration company’s stock worth $9,296,000 after purchasing an additional 5,930 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Cabot Oil & Gas Corporation during the 2nd quarter worth about $18,048,000. United Bank VA boosted its stake in shares of Cabot Oil & Gas Corporation by 29.7% during the 2nd quarter. United Bank VA now owns 68,739 shares of the oil and gas exploration company’s stock worth $1,724,000 after purchasing an additional 15,742 shares during the last quarter. Sentry Investment Management LLC boosted its stake in shares of Cabot Oil & Gas Corporation by 361.8% during the 2nd quarter. Sentry Investment Management LLC now owns 165,530 shares of the oil and gas exploration company’s stock worth $4,151,000 after purchasing an additional 129,685 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Cabot Oil & Gas Corporation by 23.2% during the 2nd quarter. Toronto Dominion Bank now owns 157,819 shares of the oil and gas exploration company’s stock worth $3,957,000 after purchasing an additional 29,710 shares during the last quarter. 96.33% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Cabot Oil & Gas Corporation (NYSE:COG)

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