Cabot Oil & Gas Co. Sees Unusually High Options Volume (COG)
Cabot Oil & Gas Co. (NYSE:COG) was the target of unusually large options trading activity on Thursday. Traders acquired 10,373 call options on the company, StockRatingsNetwork.com reports. This represents an increase of 140% compared to the typical volume of 4,317 call options.
A number of research firms have recently commented on COG. Analysts at Iberia Capital upgraded shares of Cabot Oil & Gas Co. from a “sector perform” rating to an “outperform” rating in a research note on Friday, April 25th. They now have a $46.00 price target on the stock. Separately, analysts at KLR Group downgraded shares of Cabot Oil & Gas Co. from a “buy” rating to an “accumulate” rating in a research note on Friday, April 25th. They now have a $42.00 price target on the stock. Finally, analysts at KLR Group downgraded shares of Cabot Oil & Gas Co. from a “buy” rating to an “accumulate” rating in a research note on Friday, April 25th. They now have a $42.00 price target on the stock, down previously from $48.00. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Cabot Oil & Gas Co. has a consensus rating of “Buy” and an average price target of $50.55.
Shares of Cabot Oil & Gas Co. (NYSE:COG) traded up 0.31% during mid-day trading on Thursday, hitting $39.40. The stock had a trading volume of 8,824,150 shares. Cabot Oil & Gas Co. has a one year low of $31.79 and a one year high of $41.78. The stock has a 50-day moving average of $34.59 and a 200-day moving average of $36.16. The company has a market cap of $16.406 billion and a price-to-earnings ratio of 59.52.
Cabot Oil & Gas Co. (NYSE:COG) last announced its earnings results on Thursday, April 24th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $509.80 million for the quarter, compared to the consensus estimate of $524.35 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 36.6% on a year-over-year basis. Analysts expect that Cabot Oil & Gas Co. will post $1.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.20%.
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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