Investors Sell Cabot Oil & Gas Corporation (COG) on Strength (COG)

Investors sold shares of Cabot Oil & Gas Corporation (NYSE:COG) on strength during trading hours on Thursday. $25.99 million flowed into the stock on the tick-up and $63.96 million flowed out of the stock on the tick-down, for a money net flow of $37.97 million out of the stock. Of all stocks tracked, Cabot Oil & Gas Corporation had the 0th highest net out-flow for the day. Cabot Oil & Gas Corporation traded up $0.74 for the day and closed at $28.56

Several analysts have recently weighed in on COG shares. Scotiabank set a $32.00 price target on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Saturday, October 21st. TheStreet cut shares of Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a research note on Thursday, August 24th. BidaskClub cut shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Friday, September 1st. Finally, Cowen and Company reaffirmed a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $30.06.

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64. The stock has a market cap of $13,209.24, a PE ratio of 75.16, a P/E/G ratio of 1.80 and a beta of 0.51.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas Corporation had a negative net margin of 8.80% and a positive return on equity of 6.63%. The firm had revenue of $385.40 million during the quarter, compared to analyst estimates of $400.85 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Cabot Oil & Gas Corporation’s revenue for the quarter was up 24.2% compared to the same quarter last year. equities analysts anticipate that Cabot Oil & Gas Corporation will post 0.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Wednesday, November 8th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.69%. Cabot Oil & Gas Corporation’s payout ratio is -64.51%.

In other news, Chairman Dan O. Dinges sold 66,610 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total value of $1,859,751.20. Following the sale, the chairman now directly owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Kelley acquired 2,000 shares of Cabot Oil & Gas Corporation stock in a transaction dated Tuesday, October 31st. The stock was purchased at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the completion of the acquisition, the director now directly owns 619,500 shares in the company, valued at approximately $17,017,665. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in shares of Cabot Oil & Gas Corporation by 127.2% in the 2nd quarter. Stifel Financial Corp now owns 44,262 shares of the oil and gas exploration company’s stock valued at $1,126,000 after purchasing an additional 24,777 shares in the last quarter. Shell Asset Management Co. raised its holdings in shares of Cabot Oil & Gas Corporation by 328.6% in the 3rd quarter. Shell Asset Management Co. now owns 125,242 shares of the oil and gas exploration company’s stock valued at $4,094,000 after purchasing an additional 96,023 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cabot Oil & Gas Corporation by 59.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,521 shares of the oil and gas exploration company’s stock valued at $4,151,000 after purchasing an additional 61,978 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Cabot Oil & Gas Corporation by 11.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock valued at $518,271,000 after purchasing an additional 2,095,126 shares in the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of Cabot Oil & Gas Corporation by 1,257.5% in the 2nd quarter. Federated Investors Inc. PA now owns 130,509 shares of the oil and gas exploration company’s stock valued at $3,273,000 after purchasing an additional 120,895 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://stocknewstimes.com/2017/11/11/investors-sell-cabot-oil-gas-corporation-cog-on-strength-cog.html.

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.

Receive News & Ratings for Cabot Oil & Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply