Cabot Oil & Gas Co. (NYSE:COG) Receives $26.02 Average Target Price from Analysts

Cabot Oil & Gas Co. (NYSE:COG) has been assigned an average rating of “Buy” from the seventeen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $26.02.

Several brokerages recently issued reports on COG. ValuEngine raised Cabot Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Williams Capital set a $22.00 price objective on Cabot Oil & Gas and gave the stock a “hold” rating in a research note on Monday, September 30th. Susquehanna Bancshares downgraded Cabot Oil & Gas from a “positive” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Monday, October 28th. Citigroup began coverage on Cabot Oil & Gas in a research note on Tuesday, November 26th. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Wolfe Research raised Cabot Oil & Gas from a “peer perform” rating to an “outperform” rating in a research note on Thursday, September 19th.

Shares of NYSE COG traded down $0.06 during mid-day trading on Monday, hitting $16.10. 6,310,005 shares of the company traded hands, compared to its average volume of 8,439,870. Cabot Oil & Gas has a 1 year low of $15.61 and a 1 year high of $27.65. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.66 and a beta of 0.48. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $17.26 and a two-hundred day moving average of $19.46.

Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas exploration company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $429.11 million during the quarter, compared to the consensus estimate of $453.73 million. Cabot Oil & Gas had a return on equity of 34.92% and a net margin of 34.86%. The business’s revenue for the quarter was down 21.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. As a group, research analysts anticipate that Cabot Oil & Gas will post 1.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.10 per share. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.48%. Cabot Oil & Gas’s dividend payout ratio is currently 35.40%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Stonebridge Capital Advisors LLC acquired a new position in shares of Cabot Oil & Gas during the 2nd quarter valued at about $26,000. North Star Investment Management Corp. acquired a new position in shares of Cabot Oil & Gas during the 3rd quarter valued at about $29,000. Quest Capital Management Inc. ADV acquired a new position in shares of Cabot Oil & Gas during the 3rd quarter valued at about $37,000. Penserra Capital Management LLC increased its holdings in shares of Cabot Oil & Gas by 68.4% during the 3rd quarter. Penserra Capital Management LLC now owns 2,240 shares of the oil and gas exploration company’s stock valued at $39,000 after acquiring an additional 910 shares during the last quarter. Finally, First Interstate Bank increased its holdings in shares of Cabot Oil & Gas by 278.6% during the 2nd quarter. First Interstate Bank now owns 1,893 shares of the oil and gas exploration company’s stock valued at $43,000 after acquiring an additional 1,393 shares during the last quarter. 95.84% of the stock is currently owned by institutional investors and hedge funds.

Cabot Oil & Gas Company Profile

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 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

Featured Article: What is net income?

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

Receive News & Ratings for Cabot Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit