Research analysts at Global Hunter Securities boosted their target price on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $73.00 to $81.00 in a report released on Friday, ARN reports. The firm currently has a “neutral” rating on the stock. Global Hunter Securities’ target price indicates a potential upside of 4.98% from the stock’s previous close.
Cabot Oil & Gas Corp. (NYSE: COG) traded up 0.78% on Friday, hitting $77.16. Cabot Oil & Gas Corp. has a 52-week low of $39.56 and a 52-week high of $78.07. The stock’s 50-day moving average is currently $71.13. The company has a market cap of $16.230 billion and a price-to-earnings ratio of 104.88.
Cabot Oil & Gas Corp. (NYSE:COG) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.06. The company had revenue of $449.68 million for the quarter, compared to the consensus estimate of $435.32 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 69.3% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Corp. will post $1.53 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cabot Oil & Gas Corp. in a research note to investors on Friday. They now have a $80.00 price target on the stock. Separately, analysts at Iberia Capital upgraded shares of Cabot Oil & Gas Corp. from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday. Finally, analysts at Howard Weil upgraded shares of Cabot Oil & Gas Corp. from a “sector perform” rating to a “sector outperform” rating in a research note to investors on Friday. They now have a $91.00 price target on the stock, up previously from $65.00.
Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $75.23.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 23rd. Stockholders of record on Tuesday, August 6th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Friday, August 2nd.
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties.