Investors Purchase High Volume of Call Options on Cabot Oil & Gas Co. (COG)
Cabot Oil & Gas Co. (NYSE:COG) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 5,464 call options on the company, American Banking and Market News reports. This is an increase of approximately 297% compared to the typical volume of 1,378 call options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cabot Oil & Gas Co. in a research note on Thursday, June 5th. They now have a $38.00 price target on the stock. Separately, analysts at Capital One Financial Corp. downgraded shares of Cabot Oil & Gas Co. from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 21st. Finally, analysts at Brean Capital initiated coverage on shares of Cabot Oil & Gas Co. in a research note on Tuesday, May 6th. They set a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $51.45.
Cabot Oil & Gas Co. (NYSE:COG) traded down 0.14% during mid-day trading on Wednesday, hitting $34.96. The stock had a trading volume of 4,529,452 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 $37.03 and a 200-day moving average of $36.57. The company has a market cap of $14.588 billion and a price-to-earnings ratio of 42.70.
Cabot Oil & Gas Co. (NYSE:COG) last announced its earnings results on Thursday, April 24th. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 36.6% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Co. will post $1.18 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.