Cabot Oil & Gas Corporation (NYSE: COG) recently received a number of ratings updates from brokerages and research firms:

  • 9/18/2017 – Cabot Oil & Gas Corporation had its price target lowered by analysts at Piper Jaffray Companies from $32.00 to $31.00. They now have an “overweight” rating on the stock.
  • 9/14/2017 – Cabot Oil & Gas Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $33.00 price target on the stock.
  • 9/12/2017 – Cabot Oil & Gas Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $30.00 price target on the stock.
  • 9/1/2017 – Cabot Oil & Gas Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $30.00 price target on the stock.
  • 8/28/2017 – Cabot Oil & Gas Corporation was given a new $24.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 8/24/2017 – Cabot Oil & Gas Corporation was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
  • 8/22/2017 – Cabot Oil & Gas Corporation was given a new $30.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 8/2/2017 – Cabot Oil & Gas Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Cabot's large acreage holdings in the fast-growing Marcellus Shale and the Eagle Ford Shale supports several years of drilling. We believe COG’s execution success, continued expense management and improving well economics will further enhance its outlook. A relatively low risk profile and longer reserve lives are other positives. Overall, Cabot’s diversified asset portfolio should help it generate steady production growth going forward. However, being a natural gas-weighted company, Cabot continues to reel under the effects of the commodity's price struggles as reflected by its failure to beat estimates in 8 of the last 9 quarters. As it is, delays in the development of the Constitution pipeline keep us worried. Considering these factors, we see limited upside from current levels that forms the basis of our cautious stance.”
  • 8/2/2017 – Cabot Oil & Gas Corporation had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $28.00 price target on the stock.
  • 8/1/2017 – Cabot Oil & Gas Corporation was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $31.00 price target on the stock, up previously from $24.00.
  • 7/30/2017 – Cabot Oil & Gas Corporation was given a new $30.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 7/28/2017 – Cabot Oil & Gas Corporation was given a new $30.00 price target on by analysts at Williams Capital. They now have a “hold” rating on the stock.
  • 7/27/2017 – Cabot Oil & Gas Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Cabot Oil & Gas Corporation (COG) opened at 26.21 on Wednesday. Cabot Oil & Gas Corporation has a 52 week low of $20.02 and a 52 week high of $27.14. The firm’s market capitalization is $12.12 billion. The company has a 50-day moving average of $25.35 and a 200 day moving average of $24.15.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is presently -54.05%.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the transaction, the insider now directly owns 635,124 shares in the company, valued at $17,014,971.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

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.

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