Cabot Oil & Gas (NYSE:COG) received a $35.00 price target from investment analysts at KeyCorp in a report issued on Sunday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. KeyCorp’s target price points to a potential upside of 27.23% from the company’s current price.
COG has been the subject of a number of other reports. TheStreet raised Cabot Oil & Gas from a “d+” rating to a “c” rating in a research report on Friday, October 6th. BMO Capital Markets set a $30.00 price target on Cabot Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Tuesday, January 2nd. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $32.00 price target on shares of Cabot Oil & Gas in a research report on Wednesday, January 17th. Finally, Drexel Hamilton increased their price target on Cabot Oil & Gas from $27.82 to $32.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.47.
Cabot Oil & Gas (COG) traded down $0.06 during mid-day trading on Friday, hitting $27.51. The stock had a trading volume of 4,393,900 shares, compared to its average volume of 5,019,554. Cabot Oil & Gas has a 52 week low of $20.55 and a 52 week high of $29.57. 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 capitalization of $12,920.00, a price-to-earnings ratio of -85.97, a PEG ratio of 0.89 and a beta of 0.53.
In other news, Director Robert Kelley bought 2,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was acquired at an average cost of $27.47 per share, with a total value of $54,940.00. Following the completion of the transaction, the director now directly owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 completion of the sale, the chairman now directly 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. Company insiders own 1.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans increased its position in Cabot Oil & Gas by 1.8% in the second quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock worth $446,000 after buying an additional 310 shares during the last quarter. Veritable L.P. grew its position in shares of Cabot Oil & Gas by 3.8% in the second quarter. Veritable L.P. now owns 15,418 shares of the oil and gas exploration company’s stock valued at $387,000 after purchasing an additional 560 shares in the last quarter. Kingfisher Capital LLC grew its position in shares of Cabot Oil & Gas by 1.5% in the second quarter. Kingfisher Capital LLC now owns 48,184 shares of the oil and gas exploration company’s stock valued at $1,208,000 after purchasing an additional 728 shares in the last quarter. Evercore Wealth Management LLC grew its position in shares of Cabot Oil & Gas by 1.6% in the second quarter. Evercore Wealth Management LLC now owns 55,297 shares of the oil and gas exploration company’s stock valued at $1,387,000 after purchasing an additional 897 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its position in shares of Cabot Oil & Gas by 2.1% in the second quarter. Mutual of America Capital Management LLC now owns 56,704 shares of the oil and gas exploration company’s stock valued at $1,422,000 after purchasing an additional 1,192 shares in the last quarter. 95.73% of the stock is owned by institutional investors and hedge funds.
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.
