Williams Capital Analysts Give Cabot Oil & Gas (COG) a $30.00 Price Target

Williams Capital set a $30.00 price target on Cabot Oil & Gas (NYSE:COG) in a report published on Thursday morning. The firm currently has a hold rating on the oil and gas exploration company’s stock.

Several other research analysts have also recently weighed in on COG. TheStreet upgraded shares of Cabot Oil & Gas from a d+ rating to a c rating in a report on Friday, October 6th. Morgan Stanley reiterated a sell rating on shares of Cabot Oil & Gas in a report on Thursday, December 14th. Piper Jaffray Companies cut their price objective on shares of Cabot Oil & Gas from $32.00 to $31.00 and set an overweight rating on the stock in a research report on Monday, September 18th. Cowen set a $30.00 price objective on shares of Cabot Oil & Gas and gave the stock a buy rating in a research report on Wednesday, October 18th. Finally, BMO Capital Markets set a $30.00 price objective on shares of Cabot Oil & Gas and gave the stock a buy rating in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. Cabot Oil & Gas presently has a consensus rating of Hold and a consensus price target of $30.89.

Cabot Oil & Gas (NYSE COG) traded down $0.13 during trading on Thursday, hitting $27.59. 4,300,000 shares of the stock traded hands, compared to its average volume of 4,310,000. The firm has a market capitalization of $12,760.00, a PE ratio of -86.22, a PEG ratio of 1.95 and a beta of 0.52. Cabot Oil & Gas has a 12 month low of $20.55 and a 12 month high of $29.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.64 and a quick ratio of 1.61.

Cabot Oil & Gas (NYSE:COG) last released 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 Thomson Reuters’ 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 had a negative net margin of 8.80% and a positive return on equity of 6.63%. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) EPS. equities research analysts forecast that Cabot Oil & Gas will post 0.48 EPS for the current fiscal year.

In other news, Director Robert Kelley purchased 2,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were purchased at an average cost of $27.47 per share, with a total value of $54,940.00. Following the completion of the transaction, the director now owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Dan O. Dinges sold 66,610 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the sale, the chairman now directly owns 2,887,018 shares in the company, valued at $80,605,542.56. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of COG. Capital World Investors raised its position in Cabot Oil & Gas 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 acquiring an additional 16,579,300 shares in the last quarter. PointState Capital LP raised its position in Cabot Oil & Gas 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 acquiring an additional 6,818,389 shares in the last quarter. FMR LLC raised its position in Cabot Oil & Gas 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 acquiring an additional 4,192,976 shares in the last quarter. Boston Partners bought a new stake in Cabot Oil & Gas during the third quarter worth $64,249,000. Finally, Neuberger Berman Group LLC raised its position in Cabot Oil & Gas 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 acquiring an additional 2,095,126 shares in the last quarter. 95.64% of the stock is currently owned by hedge funds and other institutional investors.

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Cabot Oil & Gas 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.

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

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