Cabot Oil & Gas (COG) Downgraded by ValuEngine to Sell

ValuEngine downgraded shares of Cabot Oil & Gas (NYSE:COG) from a hold rating to a sell rating in a research note published on Monday.

A number of other analysts also recently issued reports on COG. Cowen set a $30.00 price objective on shares of Cabot Oil & Gas and gave the stock a buy rating in a report on Wednesday, October 18th. Williams Capital reaffirmed a hold rating and set a $28.00 price objective on shares of Cabot Oil & Gas in a report on Monday, October 9th. Zacks Investment Research upgraded shares of Cabot Oil & Gas from a hold rating to a strong-buy rating and set a $33.00 target price on the stock in a research report on Wednesday, January 24th. BMO Capital Markets set a $30.00 target price on shares of Cabot Oil & Gas and gave the stock a buy rating in a research report on Tuesday, October 10th. Finally, KeyCorp set a $35.00 target price on shares of Cabot Oil & Gas and gave the stock a buy rating in a research report on Sunday, January 21st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Cabot Oil & Gas currently has an average rating of Hold and a consensus target price of $31.53.

Shares of Cabot Oil & Gas (NYSE COG) opened at $23.37 on Monday. Cabot Oil & Gas has a fifty-two week low of $21.40 and a fifty-two week high of $29.57. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49. The stock has a market cap of $10,810.00, a price-to-earnings ratio of -73.03, a PEG ratio of 0.64 and a beta of 0.39.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th were given a $0.06 dividend. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, January 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.03%. Cabot Oil & Gas’s payout ratio is presently -75.00%.

Several hedge funds have recently added to or reduced their stakes in the business. Sanders Capital LLC increased its position in shares of Cabot Oil & Gas by 1.6% in the fourth quarter. Sanders Capital LLC now owns 29,687,930 shares of the oil and gas exploration company’s stock valued at $911,570,000 after acquiring an additional 475,000 shares during the period. State Street Corp increased its position in shares of Cabot Oil & Gas by 0.6% in the second quarter. State Street Corp now owns 26,298,417 shares of the oil and gas exploration company’s stock valued at $659,562,000 after acquiring an additional 151,019 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Cabot Oil & Gas by 3.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 21,373,544 shares of the oil and gas exploration company’s stock valued at $571,742,000 after purchasing an additional 708,814 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Cabot Oil & Gas by 6.1% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 9,719,829 shares of the oil and gas exploration company’s stock valued at $260,006,000 after purchasing an additional 562,709 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in shares of Cabot Oil & Gas by 2.6% during the 3rd quarter. King Luther Capital Management Corp now owns 5,111,860 shares of the oil and gas exploration company’s stock valued at $136,742,000 after purchasing an additional 131,356 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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