Cabot Oil & Gas Corp. Plans Quarterly Dividend of $0.02 (COG)
Cabot Oil & Gas Corp. (NYSE:COG) announced a quarterly dividend on Thursday, January 2nd, Analyst Ratings Network reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.02 per share on Friday, February 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.21%.
COG has been the subject of a number of recent research reports. Analysts at BMO Capital Markets initiated coverage on shares of Cabot Oil & Gas Corp. in a research note to investors on Monday, December 16th. They set an “outperform” rating and a $47.00 price target on the stock. On a related note, analysts at Deutsche Bank upgraded shares of Cabot Oil & Gas Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 9th. They now have a $42.00 price target on the stock, down previously from $43.00. Finally, analysts at Sanford C. Bernstein upgraded shares of Cabot Oil & Gas Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, November 20th. They now have a $46.00 price target on the stock, up previously from $42.00. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Cabot Oil & Gas Corp. presently has an average rating of “Buy” and an average price target of $54.41.
Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded down 1.52% during mid-day trading on Thursday, hitting $38.17. 4,825,062 shares of the company’s stock traded hands. Cabot Oil & Gas Corp. has a one year low of $23.395 and a one year high of $40.34. The stock has a 50-day moving average of $35.74 and a 200-day moving average of $36.49. The company has a market cap of $16.075 billion and a P/E ratio of 68.00.
Cabot Oil & Gas Corp. (NYSE:COG) last announced its earnings results on Thursday, October 24th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 46.8% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Corp. will post $0.72 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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