Cabot Oil & Gas Co. (COG) Receives $28.25 Average Price Target from Analysts

Cabot Oil & Gas Co. (NYSE:COG) has received a consensus recommendation of “Hold” from the twenty-three analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $28.25.

Several equities research analysts recently commented on the stock. Tudor Pickering cut shares of Cabot Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Goldman Sachs Group cut shares of Cabot Oil & Gas from a “buy” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research report on Tuesday, November 20th. Zacks Investment Research reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Cabot Oil & Gas in a research report on Monday, November 12th. Morgan Stanley boosted their price objective on shares of Cabot Oil & Gas from $24.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, November 20th. Finally, ValuEngine raised shares of Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th.

COG traded up $0.10 during trading on Thursday, hitting $25.01. The company had a trading volume of 291,584 shares, compared to its average volume of 6,897,115. The stock has a market capitalization of $10.85 billion, a P/E ratio of 52.13, a P/E/G ratio of 0.80 and a beta of 0.29. Cabot Oil & Gas has a one year low of $20.94 and a one year high of $29.56. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58.

Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings data on Friday, October 26th. The oil and gas exploration company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $545.10 million during the quarter, compared to the consensus estimate of $482.74 million. Cabot Oil & Gas had a net margin of 12.69% and a return on equity of 14.87%. The company’s revenue was up 41.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, equities research analysts predict that Cabot Oil & Gas will post 1.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Wednesday, November 7th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.12%. Cabot Oil & Gas’s payout ratio is 58.33%.

A number of large investors have recently modified their holdings of COG. Cornerstone Wealth Management LLC acquired a new stake in shares of Cabot Oil & Gas in the second quarter valued at approximately $324,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Cabot Oil & Gas in the second quarter valued at approximately $123,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Cabot Oil & Gas by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,667,173 shares of the oil and gas exploration company’s stock valued at $63,479,000 after purchasing an additional 11,520 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Cabot Oil & Gas in the second quarter valued at approximately $4,035,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Cabot Oil & Gas by 64.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,144,471 shares of the oil and gas exploration company’s stock valued at $146,238,000 after purchasing an additional 2,403,213 shares in the last quarter.

About Cabot Oil & Gas

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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

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