A number of firms have modified their ratings and price targets on shares of Cabot Oil & Gas Corporation (NYSE: COG) recently:

  • 11/9/2017 – 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 9 of the last 10 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.”
  • 11/9/2017 – Cabot Oil & Gas Corporation had its price target raised by analysts at Drexel Hamilton from $27.82 to $32.00. They now have a “buy” rating on the stock.
  • 11/7/2017 – Cabot Oil & Gas Corporation was downgraded by analysts at Drexel Hamilton from a “buy” rating to a “hold” rating.
  • 10/30/2017 – 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.
  • 10/30/2017 – Cabot Oil & Gas Corporation had its price target raised by analysts at Barclays PLC from $30.00 to $31.00. They now have an “overweight” rating on the stock.
  • 10/30/2017 – Cabot Oil & Gas Corporation was given a new $33.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 10/30/2017 – Cabot Oil & Gas Corporation was upgraded by analysts at Johnson Rice from an “accumulate” rating to a “buy” rating.
  • 10/25/2017 – 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.”
  • 10/21/2017 – Cabot Oil & Gas Corporation was given a new $32.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 10/18/2017 – Cabot Oil & Gas Corporation was given a new $33.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 10/18/2017 – Cabot Oil & Gas Corporation was given a new $30.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 10/11/2017 – Cabot Oil & Gas Corporation had its price target raised by analysts at Barclays PLC from $28.00 to $30.00. They now have an “overweight” rating on the stock.
  • 10/10/2017 – 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.
  • 10/9/2017 – Cabot Oil & Gas Corporation had its “hold” rating reaffirmed by analysts at Williams Capital. They now have a $28.00 price target on the stock.
  • 10/6/2017 – Cabot Oil & Gas Corporation was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 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.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) traded down $0.60 during trading hours on Wednesday, hitting $28.46. 4,607,100 shares of the stock traded hands, compared to its average volume of 6,090,688. Cabot Oil & Gas Corporation has a 52-week low of $20.55 and a 52-week high of $29.26. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49. The company has a market cap of $13,440.49, a PE ratio of 76.47, a PEG ratio of 1.84 and a beta of 0.51.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas Corporation had a positive return on equity of 6.63% and a negative net margin of 8.80%. The business had revenue of $385.40 million during the quarter, compared to the consensus estimate of $400.85 million. During the same quarter last year, the company earned ($0.04) EPS. Cabot Oil & Gas Corporation’s revenue for the quarter was up 24.2% on a year-over-year basis. equities analysts forecast that Cabot Oil & Gas Corporation will post 0.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Wednesday, November 8th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 7th. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is presently -64.51%.

In related news, Chairman Dan O. Dinges sold 66,610 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total value of $1,859,751.20. Following the completion of the sale, the chairman now directly owns 2,887,018 shares of the company’s stock, valued at approximately $80,605,542.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Kelley bought 2,000 shares of Cabot Oil & Gas Corporation stock in a transaction that occurred on Tuesday, October 31st. The stock was purchased at an average cost of $27.47 per share, with a total value of $54,940.00. Following the completion of the acquisition, the director now directly owns 619,500 shares in the company, valued at approximately $17,017,665. The disclosure for this purchase can be found here. 1.60% of the stock is owned by corporate 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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