Investors Buy Large Volume of Cabot Oil & Gas Corp. Put Options (COG)
Cabot Oil & Gas Corp. (NYSE:COG) was the recipient of some unusual options trading activity on Monday. Stock traders bought 6,405 put options on the company, Stock Ratings Network.com reports. This represents an increase of 523% compared to the average volume of 1,028 put options.
A number of research firms have recently commented on COG. Analysts at Raymond James cut their price target on shares of Cabot Oil & Gas Corp. from $44.00 to $43.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Cabot Oil & Gas Corp. to $46.00 in a research note to investors on Thursday. Finally, analysts at Topeka Capital Markets upgraded shares of Cabot Oil & Gas Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $45.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.05.
Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded up 0.08% on Monday, hitting $36.78. 2,955,671 shares of the company’s stock traded hands. Cabot Oil & Gas Corp. has a 52 week low of $21.07 and a 52 week high of $40.34. The stock has a 50-day moving average of $37.67 and a 200-day moving average of $35.91. The company has a market cap of $15.474 billion and a P/E ratio of 75.00.
Cabot Oil & Gas Corp. (NYSE:COG) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. The company had revenue of $449.68 million for the quarter, compared to the consensus estimate of $435.32 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 69.3% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Corp. will post $0.77 earnings per share for the current fiscal year.
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties.
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