Cabot Oil & Gas Corporation (NYSE:COG)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a report released on Thursday. They presently have a $33.00 price objective on the oil and gas exploration company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 23.36% from the stock’s current price.

Other analysts have also issued research reports about the company. Cowen and Company set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Tuesday, July 18th. BidaskClub raised Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Scotiabank set a $28.00 price objective on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Bank of America Corporation raised Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $28.00 to $32.00 in a research note on Friday, June 30th. Finally, BMO Capital Markets reissued a “buy” rating and set a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Cabot Oil & Gas Corporation currently has a consensus rating of “Buy” and a consensus target price of $29.83.

Cabot Oil & Gas Corporation (NYSE:COG) traded up 1.29% during midday trading on Thursday, reaching $26.75. 6,400,298 shares of the company traded hands. The company’s market capitalization is $12.37 billion. The stock’s 50 day moving average is $25.24 and its 200 day moving average is $24.04. Cabot Oil & Gas Corporation has a one year low of $20.02 and a one year high of $27.14.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $460.50 million for the quarter, compared to analysts’ expectations of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The business’s revenue for the quarter was up 86.6% compared to the same quarter last year. During the same period last year, the company posted ($0.07) EPS. On average, equities analysts anticipate that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current year.

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In other Cabot Oil & Gas Corporation news, insider Jeffrey W. Hutton sold 11,918 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the sale, the insider now directly owns 635,124 shares in the company, valued at approximately $17,014,971.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in shares of Cabot Oil & Gas Corporation by 1.4% during the 2nd quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after purchasing an additional 71 shares during the period. Cadence Capital Management LLC grew its stake in shares of Cabot Oil & Gas Corporation by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 17,285 shares of the oil and gas exploration company’s stock valued at $434,000 after purchasing an additional 127 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Cabot Oil & Gas Corporation by 1.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,646 shares of the oil and gas exploration company’s stock valued at $231,000 after purchasing an additional 180 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of Cabot Oil & Gas Corporation by 1.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock valued at $446,000 after purchasing an additional 310 shares during the period. Finally, Cleararc Capital Inc. grew its stake in shares of Cabot Oil & Gas Corporation by 2.9% during the 1st quarter. Cleararc Capital Inc. now owns 11,639 shares of the oil and gas exploration company’s stock valued at $278,000 after purchasing an additional 331 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Cabot Oil & Gas Corporation Company Profile

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.

Analyst Recommendations for Cabot Oil & Gas Corporation (NYSE:COG)

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