Cabot Oil & Gas Co. Downgraded to “Neutral” at Robert W. Baird (COG)
Cabot Oil & Gas Co. (NYSE:COG) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $43.00 target price on the stock. Robert W. Baird’s price target indicates a potential upside of 31.82% from the stock’s previous close.
Shares of Cabot Oil & Gas Co. (NYSE:COG) opened at 32.62 on Friday. 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 $34.39 and a 200-day moving average of $36.03. The company has a market cap of $13.612 billion and a P/E ratio of 40.33.
Cabot Oil & Gas Co. (NYSE:COG) last announced its earnings results on Thursday, July 24th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $533.19 million for the quarter, compared to the consensus estimate of $526.03 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Co. will post $1.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, August 1st.
A number of other firms have also recently commented on COG. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Cabot Oil & Gas Co. in a research note on Thursday. They now have a $45.00 price target on the stock, down previously from $48.00. Separately, analysts at FBR Capital Markets initiated coverage on shares of Cabot Oil & Gas Co. in a research note on Thursday, July 17th. They set a “market perform” rating and a $36.00 price target on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Cabot Oil & Gas Co. in a research note on Wednesday, July 16th. They set a “hold” rating and a $37.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $47.81.
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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