Investment analysts at Credit Suisse Group assumed coverage on shares of Cabot Oil & Gas (NYSE:COG) in a research note issued to investors on Monday, Marketbeat reports. The brokerage set a “neutral” rating and a $30.00 price target on the oil and gas exploration company’s stock. Credit Suisse Group’s price target suggests a potential upside of 12.61% from the stock’s current price.
COG has been the subject of a number of other reports. Scotiabank set a $32.00 price objective on Cabot Oil & Gas and gave the stock a “buy” rating in a research report on Saturday, October 21st. TheStreet cut Cabot Oil & Gas from a “c” rating to a “d+” rating in a research report on Thursday, August 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas in a research report on Friday, September 1st. Cowen reaffirmed a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas in a research report on Tuesday, September 12th. Finally, Barclays increased their price objective on Cabot Oil & Gas from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.56.
Shares of Cabot Oil & Gas (NYSE:COG) traded down $0.62 during midday trading on Monday, hitting $26.64. The company had a trading volume of 6,903,684 shares, compared to its average volume of 3,779,584. The firm has a market cap of $12,318.90, a PE ratio of 70.09, a PEG ratio of 1.83 and a beta of 0.52. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49. Cabot Oil & Gas has a 1 year low of $20.55 and a 1 year high of $29.57.
In related news, Director Robert Kelley purchased 2,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was bought at an average price of $27.47 per share, with a total value of $54,940.00. Following the completion of the transaction, the director now owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Dan O. Dinges sold 66,610 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $27.92, for a total value of $1,859,751.20. Following the transaction, the chairman now directly owns 2,887,018 shares of the company’s stock, valued at approximately $80,605,542.56. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in COG. Stifel Financial Corp boosted its holdings in shares of Cabot Oil & Gas by 127.2% during the second quarter. Stifel Financial Corp now owns 44,262 shares of the oil and gas exploration company’s stock worth $1,126,000 after purchasing an additional 24,777 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Cabot Oil & Gas by 6.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 88,713 shares of the oil and gas exploration company’s stock worth $2,373,000 after purchasing an additional 5,246 shares during the last quarter. Shell Asset Management Co. boosted its holdings in shares of Cabot Oil & Gas by 328.6% during the third quarter. Shell Asset Management Co. now owns 125,242 shares of the oil and gas exploration company’s stock worth $4,094,000 after purchasing an additional 96,023 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Cabot Oil & Gas by 59.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,521 shares of the oil and gas exploration company’s stock worth $4,151,000 after purchasing an additional 61,978 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Cabot Oil & Gas by 11.3% during the second quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock worth $518,271,000 after purchasing an additional 2,095,126 shares during the last quarter. 95.69% of the stock is owned by institutional investors.
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About Cabot Oil & Gas
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.
