Cabot Oil & Gas (COG) Given a $30.00 Price Target at Williams Capital
Cabot Oil & Gas (NYSE:COG) received a $30.00 target price from analysts at Williams Capital in a research note issued on Thursday. The firm currently has a “hold” rating on the oil and gas exploration company’s stock. Williams Capital’s price target suggests a potential upside of 11.23% from the company’s current price.
A number of other research firms have also recently commented on COG. TheStreet cut shares of Cabot Oil & Gas from a “c” rating to a “d+” rating in a research note on Thursday, August 24th. Credit Suisse Group started coverage on shares of Cabot Oil & Gas in a research note on Monday, December 11th. They issued a “neutral” rating and a $30.00 price target for the company. Zacks Investment Research raised shares of Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Jefferies Group set a $24.00 price objective on shares of Cabot Oil & Gas and gave the stock a “hold” rating in a report on Monday, August 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $33.00 price objective on shares of Cabot Oil & Gas in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.56.
Cabot Oil & Gas (COG) traded up $0.15 during mid-day trading on Thursday, reaching $26.97. 3,549,900 shares of the company’s stock were exchanged, compared to its average volume of 5,887,538. 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 fifty-two week low of $20.55 and a fifty-two week high of $29.57. The stock has a market cap of $12,680.00, a PE ratio of 70.58, a PEG ratio of 1.83 and a beta of 0.52.
Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The company had revenue of $385.40 million during the quarter, compared to analysts’ expectations of $400.85 million. During the same period in the prior year, the firm earned ($0.04) EPS. Cabot Oil & Gas’s quarterly revenue was up 24.2% on a year-over-year basis. sell-side analysts forecast that Cabot Oil & Gas will post 0.49 earnings per share for the current fiscal year.
In other news, Director Robert Kelley purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was bought at an average cost of $27.47 per share, for a total transaction of $54,940.00. Following the acquisition, the director now directly owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Dan O. Dinges sold 66,610 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the sale, the chairman now owns 2,887,018 shares of the company’s stock, valued at $80,605,542.56. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
A number of large investors have recently bought and sold shares of COG. Westwood Holdings Group Inc. bought a new stake in Cabot Oil & Gas during the 2nd quarter valued at $100,000. IFP Advisors Inc raised its holdings in Cabot Oil & Gas by 11.1% during the 2nd quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 457 shares during the last quarter. Parallel Advisors LLC raised its holdings in Cabot Oil & Gas by 1.4% during the 2nd quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after buying an additional 71 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Cabot Oil & Gas during the 3rd quarter valued at $130,000. Finally, Pinebridge Investments L.P. purchased a new position in Cabot Oil & Gas during the 2nd quarter valued at $163,000. Institutional investors own 95.64% of the company’s stock.
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.
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