Cabot Oil & Gas Corporation (COG) PT Set at $30.00 by Williams Capital

Cabot Oil & Gas Corporation (NYSE:COG) received a $30.00 price target from research analysts at Williams Capital in a research report issued to clients and investors on Monday. The brokerage presently has a “hold” rating on the oil and gas exploration company’s stock. Williams Capital’s price objective points to a potential upside of 8.30% from the company’s previous close.

Several other equities analysts also recently commented on the stock. Jefferies Group LLC set a $24.00 target price on shares of Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a research report on Monday, August 28th. BMO Capital Markets reissued a “buy” rating and set a $30.00 target price on shares of Cabot Oil & Gas Corporation in a research report on Friday, September 1st. Cowen and Company set a $30.00 target price on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Barclays PLC increased their target price on shares of Cabot Oil & Gas Corporation from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Finally, Scotiabank set a $30.00 target price on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. Cabot Oil & Gas Corporation has an average rating of “Buy” and a consensus price target of $29.65.

Shares of Cabot Oil & Gas Corporation (NYSE COG) opened at 27.70 on Monday. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $28.00. The firm’s 50-day moving average price is $26.16 and its 200-day moving average price is $24.73. The stock’s market cap is $12.81 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings results 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). The company had revenue of $385.40 million during the quarter, compared to analyst estimates of $400.85 million. Cabot Oil & Gas Corporation had a positive return on equity of 6.63% and a negative net margin of 8.80%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. On average, equities research analysts forecast that Cabot Oil & Gas Corporation will post $0.55 earnings per share for the current fiscal year.

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In related news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total value of $319,283.22. Following the completion of the sale, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COG. Capital World Investors lifted its stake in Cabot Oil & Gas Corporation by 157.8% during the second quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock worth $679,274,000 after purchasing an additional 16,579,300 shares during the period. PointState Capital LP lifted its stake in Cabot Oil & Gas Corporation by 60.9% during the second quarter. PointState Capital LP now owns 18,011,889 shares of the oil and gas exploration company’s stock worth $451,738,000 after purchasing an additional 6,818,389 shares during the period. FMR LLC lifted its stake in Cabot Oil & Gas Corporation by 16.5% during the second quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock worth $743,923,000 after purchasing an additional 4,192,976 shares during the period. Neuberger Berman Group LLC lifted its stake in Cabot Oil & Gas Corporation by 11.3% during the second quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock worth $518,271,000 after purchasing an additional 2,095,126 shares during the period. Finally, Sanders Capital LLC lifted its stake in Cabot Oil & Gas Corporation by 7.2% during the third quarter. Sanders Capital LLC now owns 29,212,930 shares of the oil and gas exploration company’s stock worth $839,952,000 after purchasing an additional 1,951,907 shares during the period. Institutional investors and hedge funds own 96.75% of the company’s stock.

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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