Cabot Oil & Gas Corporation (NYSE:COG) had its price objective increased by stock analysts at Barclays PLC from $28.00 to $30.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “overweight” rating on the oil and gas exploration company’s stock. Barclays PLC’s price target would indicate a potential upside of 18.30% from the stock’s previous close.

A number of other analysts have also recently commented on COG. BMO Capital Markets restated a “buy” rating and set a $33.00 price target on shares of Cabot Oil & Gas Corporation in a research note on Thursday, June 22nd. Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $28.00 to $32.00 in a research note on Friday, June 30th. Scotiabank set a $28.00 price target on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. BidaskClub upgraded shares of Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Williams Capital cut shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Cabot Oil & Gas Corporation presently has a consensus rating of “Hold” and an average price target of $29.06.

Cabot Oil & Gas Corporation (NYSE COG) traded up 0.0260% during midday trading on Wednesday, hitting $25.3666. 1,405,962 shares of the stock were exchanged. The firm’s market capitalization is $11.73 billion. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $27.14. The firm’s 50-day moving average price is $26.12 and its 200 day moving average price is $24.56.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The business 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 quarterly revenue was up 86.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Analysts expect that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current fiscal year.

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In other news, insider Jeffrey W. Hutton sold 11,918 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the sale, the insider now 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 accessible through this link. Company insiders own 1.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Cabot Oil & Gas Corporation by 59.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,521 shares of the oil and gas exploration company’s stock valued at $4,151,000 after buying an additional 61,978 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Cabot Oil & Gas Corporation by 11.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock valued at $518,271,000 after buying an additional 2,095,126 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Cabot Oil & Gas Corporation by 1,257.5% during the 2nd quarter. Federated Investors Inc. PA now owns 130,509 shares of the oil and gas exploration company’s stock valued at $3,273,000 after buying an additional 120,895 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Cabot Oil & Gas Corporation during the 2nd quarter valued at $745,000. Finally, Synovus Financial Corp raised its position in shares of Cabot Oil & Gas Corporation by 4,949.8% during the 2nd quarter. Synovus Financial Corp now owns 60,800 shares of the oil and gas exploration company’s stock valued at $1,526,000 after buying an additional 59,596 shares in the last quarter. Hedge funds and other institutional investors own 96.33% of the company’s stock.

About Cabot Oil & Gas Corporation

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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