BidaskClub upgraded shares of Cabot Oil & Gas (NYSE:COG) from a sell rating to a hold rating in a research note released on Thursday morning, BidAskClub reports.
Several other analysts have also recently weighed in on COG. Zacks Investment Research cut Cabot Oil & Gas from a buy rating to a hold rating and set a $19.00 price target on the stock. in a report on Tuesday, November 3rd. Bank of America lowered shares of Cabot Oil & Gas from a neutral rating to an underperform rating in a report on Wednesday. Tudor Pickering raised shares of Cabot Oil & Gas from a hold rating to a buy rating and set a $22.00 price objective for the company in a report on Thursday, September 24th. Northland Securities began coverage on Cabot Oil & Gas in a research note on Monday, September 14th. They issued a market perform rating and a $18.00 target price on the stock. Finally, Siebert Williams Shank raised Cabot Oil & Gas from a hold rating to a buy rating and set a $21.50 price target for the company in a research note on Thursday, December 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $20.47.
COG stock opened at $17.27 on Thursday. The firm has a 50 day moving average of $16.98 and a 200-day moving average of $18.05. The firm has a market capitalization of $6.88 billion, a P/E ratio of 27.85 and a beta of 0.16. Cabot Oil & Gas has a 12 month low of $13.06 and a 12 month high of $22.67. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.46.
Cabot Oil & Gas (NYSE:COG) last posted its earnings results on Thursday, October 29th. The oil and gas exploration company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $291.10 million for the quarter, compared to analysts’ expectations of $346.89 million. Cabot Oil & Gas had a net margin of 16.73% and a return on equity of 8.84%. The business’s revenue for the quarter was down 32.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. Sell-side analysts predict that Cabot Oil & Gas will post 0.52 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 4th. Shareholders of record on Thursday, January 21st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, January 20th. This represents a $0.40 annualized dividend and a yield of 2.32%. Cabot Oil & Gas’s payout ratio is currently 24.69%.
Institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. raised its stake in shares of Cabot Oil & Gas by 108.1% during the third quarter. Advisors Asset Management Inc. now owns 1,908 shares of the oil and gas exploration company’s stock valued at $33,000 after acquiring an additional 991 shares during the last quarter. Eudaimonia Partners LLC purchased a new position in Cabot Oil & Gas during the 3rd quarter valued at about $41,000. Private Advisor Group LLC bought a new position in Cabot Oil & Gas during the 2nd quarter valued at approximately $51,000. Nachman Norwood & Parrott Inc purchased a new stake in Cabot Oil & Gas in the 3rd quarter worth approximately $54,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Cabot Oil & Gas in the 3rd quarter worth approximately $70,000. 96.91% of the stock is currently owned by institutional investors and hedge funds.
About Cabot Oil & Gas
Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets oil and gas properties in the United States. It primarily focuses on the Marcellus Shale with approximately 173,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.
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