Shares of Cabot Oil & Gas Corp. (NYSE:COG) have received an average recommendation of “Hold” from the twenty-eight research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $26.00.

COG has been the topic of a number of research analyst reports. Deutsche Bank AG lowered their target price on Cabot Oil & Gas Corp. from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, June 14th. Capital One Financial Corp. reaffirmed an “equal weight” rating on shares of Cabot Oil & Gas Corp. in a report on Thursday, July 21st. Zacks Investment Research lowered Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Howard Weil raised Cabot Oil & Gas Corp. from a “sector perform” rating to a “sector outperform” rating and set a $30.00 target price on the stock in a report on Thursday, August 11th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Cabot Oil & Gas Corp. in a report on Thursday, August 11th.

Cabot Oil & Gas Corp. (NYSE:COG) traded up 1.774% on Wednesday, hitting $24.955. 3,018,147 shares of the stock were exchanged. The company’s 50-day moving average is $25.05 and its 200-day moving average is $24.15. The company’s market cap is $11.61 billion. Cabot Oil & Gas Corp. has a 52 week low of $14.88 and a 52 week high of $26.74.

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Cabot Oil & Gas Corp. (NYSE:COG) last released its earnings results on Friday, July 29th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $246.80 million for the quarter, compared to analyst estimates of $270.13 million. Cabot Oil & Gas Corp. had a negative return on equity of 4.16% and a negative net margin of 21.59%. Cabot Oil & Gas Corp.’s revenue was down 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. On average, analysts predict that Cabot Oil & Gas Corp. will post ($0.15) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.33%. The ex-dividend date was Monday, August 8th. Cabot Oil & Gas Corp.’s dividend payout ratio is currently -14.04%.

In other Cabot Oil & Gas Corp. news, insider George Kevin Cunningham sold 3,000 shares of Cabot Oil & Gas Corp. stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $25.25, for a total value of $75,750.00. Following the transaction, the insider now directly owns 35,990 shares of the company’s stock, valued at approximately $908,747.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Cabot Oil & Gas Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 42,936,151 shares of the oil and gas exploration company’s stock valued at $1,105,177,000 after buying an additional 1,341,740 shares in the last quarter. State Street Corp boosted its stake in Cabot Oil & Gas Corp. by 1.4% in the second quarter. State Street Corp now owns 28,302,854 shares of the oil and gas exploration company’s stock worth $728,518,000 after buying an additional 386,140 shares in the last quarter. Wellington Management Group LLP boosted its stake in Cabot Oil & Gas Corp. by 0.8% in the first quarter. Wellington Management Group LLP now owns 14,115,741 shares of the oil and gas exploration company’s stock worth $320,568,000 after buying an additional 113,499 shares in the last quarter. Sanders Capital LLC boosted its stake in Cabot Oil & Gas Corp. by 101.7% in the second quarter. Sanders Capital LLC now owns 12,273,055 shares of the oil and gas exploration company’s stock worth $322,296,000 after buying an additional 6,186,892 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Cabot Oil & Gas Corp. by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,754,708 shares of the oil and gas exploration company’s stock worth $302,566,000 after buying an additional 128,042 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

About Cabot Oil & Gas Corp.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

5 Day Chart for NYSE:COG

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