Cabot Oil & Gas Corp. PT Raised to $38.00 (COG)
Equities research analysts at UBS AG hoisted their price objective on shares of Cabot Oil & Gas Corp. (NYSE:COG) from $36.00 to $38.00 in a research note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective suggests a potential upside of 2.76% from the stock’s previous close.
Cabot Oil & Gas Corp. (NYSE:COG) traded up 6.14% during mid-day trading on Friday, hitting $36.98. 10,416,748 shares of the company’s stock traded hands. Cabot Oil & Gas Corp. has a 1-year low of $20.225 and a 1-year high of $39.97. The stock has a 50-day moving average of $38.3 and a 200-day moving average of $35.31. The company has a market cap of $15.558 billion and a P/E ratio of 71.10.
Cabot Oil & Gas Corp. (NYSE:COG) last announced its earnings results on Thursday, October 24th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $435.85 million for the quarter, compared to the consensus estimate of $450.81 million. During the same quarter last year, the company posted $0.21 earnings per share. Cabot Oil & Gas Corp.’s revenue was up 46.8% compared to the same quarter last year. On average, analysts predict that Cabot Oil & Gas Corp. will post $0.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 19th. Investors of record on Thursday, November 7th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Tuesday, November 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Global Hunter Securities upgraded shares of Cabot Oil & Gas Corp. from a “neutral” rating to an “accumulate” rating in a research note to investors on Wednesday. They now have a $42.00 price target on the stock, up previously from $41.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cabot Oil & Gas Corp. in a research note to investors on Monday. They now have a $38.00 price target on the stock. Finally, analysts at Robert W. Baird initiated coverage on shares of Cabot Oil & Gas Corp. in a research note to investors on Wednesday, October 16th. They set an “outperform” rating on the stock. Twelve analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $59.83.
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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