Cabot Oil & Gas Corporation (NYSE:COG) has been given a $32.00 price objective by Scotiabank in a note issued to investors on Saturday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. Scotiabank’s price objective points to a potential upside of 25.34% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. William Blair downgraded shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Williams Capital downgraded shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Tuesday, July 18th. Piper Jaffray Companies reduced their price objective on shares of Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. TheStreet raised shares of Cabot Oil & Gas Corporation from a “d+” rating to a “c” rating in a research note on Friday, October 6th. Finally, Zacks Investment Research downgraded shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $29.29.

Cabot Oil & Gas Corporation (NYSE:COG) traded up 0.20% on Friday, reaching $25.53. The company had a trading volume of 3,545,462 shares. The stock’s 50-day moving average is $26.29 and its 200-day moving average is $24.66. The company’s market capitalization is $11.81 billion. Cabot Oil & Gas Corporation has a 52 week low of $20.02 and a 52 week high of $27.14.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $460.50 million during the quarter, compared to the consensus estimate of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The business’s quarterly revenue was up 86.6% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. Equities research analysts forecast that Cabot Oil & Gas Corporation will post $0.57 EPS for the current fiscal year.

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In related news, insider Jeffrey W. Hutton sold 11,918 shares of the company’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 completion of the transaction, the insider now owns 635,124 shares in the company, valued at approximately $17,014,971.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Cabot Oil & Gas Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 47,590,931 shares of the oil and gas exploration company’s stock valued at $1,193,580,000 after acquiring an additional 1,095,069 shares during the last quarter. FMR LLC raised its holdings in Cabot Oil & Gas Corporation by 16.5% in the 2nd quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock valued at $743,923,000 after acquiring an additional 4,192,976 shares during the last quarter. Sanders Capital LLC raised its holdings in Cabot Oil & Gas Corporation by 7.2% in the 3rd quarter. Sanders Capital LLC now owns 29,212,930 shares of the oil and gas exploration company’s stock valued at $839,952,000 after acquiring an additional 1,951,907 shares during the last quarter. Capital World Investors raised its holdings in Cabot Oil & Gas Corporation by 157.8% in the 2nd quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock valued at $679,274,000 after acquiring an additional 16,579,300 shares during the last quarter. Finally, State Street Corp raised its holdings in Cabot Oil & Gas Corporation by 0.6% in the 2nd quarter. State Street Corp now owns 26,298,417 shares of the oil and gas exploration company’s stock valued at $659,562,000 after acquiring an additional 151,019 shares during the last quarter. Hedge funds and other institutional investors own 96.30% 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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