Cabot Oil & Gas Co. (NYSE:COG) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 14,008,882 shares, a decrease of 19.5% from the January 12th total of 17,409,007 shares. Based on an average daily volume of 4,244,450 shares, the short-interest ratio is presently 3.3 days. Currently, 3.1% of the shares of the company are short sold.
Large investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. bought a new position in Cabot Oil & Gas in the 2nd quarter valued at approximately $100,000. Advisors Asset Management Inc. bought a new position in Cabot Oil & Gas in the 3rd quarter valued at approximately $130,000. MHI Funds LLC bought a new position in Cabot Oil & Gas in the 4th quarter valued at approximately $147,000. Fuller & Thaler Asset Management Inc. bought a new position in Cabot Oil & Gas in the 4th quarter valued at approximately $186,000. Finally, Calamos Advisors LLC bought a new position in Cabot Oil & Gas in the 4th quarter valued at approximately $202,000. 97.01% of the stock is owned by institutional investors and hedge funds.
Cabot Oil & Gas (COG) opened at $23.73 on Wednesday. The company has a market cap of $10,980.00, a P/E ratio of -74.16, a P/E/G ratio of 0.63 and a beta of 0.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.64 and a quick ratio of 1.61. Cabot Oil & Gas has a 52 week low of $21.40 and a 52 week high of $29.57.
A number of research analysts have issued reports on the stock. Drexel Hamilton increased their target price on shares of Cabot Oil & Gas from $27.82 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Tudor Pickering upgraded shares of Cabot Oil & Gas from a “hold” rating to a “buy” rating in a research report on Monday. Williams Capital set a $30.00 price target on shares of Cabot Oil & Gas and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, Johnson Rice upgraded shares of Cabot Oil & Gas from an “accumulate” rating to a “buy” rating in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.53.
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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.
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