Cabot Oil & Gas Co. (NYSE:COG) has received an average recommendation of “Buy” from the twenty-three research firms that are currently covering the company, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.51.
Several research firms recently commented on COG. Tudor Pickering cut Cabot Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Goldman Sachs Group downgraded Cabot Oil & Gas from a “buy” rating to a “neutral” rating and set a $29.00 target price on the stock. in a report on Tuesday, November 20th. Morgan Stanley set a $27.00 target price on Cabot Oil & Gas and gave the company a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research reissued a “buy” rating and issued a $27.00 target price on shares of Cabot Oil & Gas in a report on Monday, November 12th. Finally, JPMorgan Chase & Co. set a $32.00 target price on Cabot Oil & Gas and gave the company a “buy” rating in a report on Friday, December 7th.
Shares of Cabot Oil & Gas stock traded up $0.23 during trading on Tuesday, hitting $24.64. 113,044 shares of the company’s stock traded hands, compared to its average volume of 6,007,711. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.69 and a quick ratio of 1.66. Cabot Oil & Gas has a 1 year low of $20.94 and a 1 year high of $27.40. The stock has a market capitalization of $10.53 billion, a PE ratio of 51.43 and a beta of 0.54.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 7th. Stockholders of record on Thursday, January 24th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, January 23rd. Cabot Oil & Gas’s dividend payout ratio (DPR) is currently 58.33%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Whittier Trust Co. raised its stake in Cabot Oil & Gas by 97.2% during the 4th quarter. Whittier Trust Co. now owns 1,430 shares of the oil and gas exploration company’s stock valued at $32,000 after purchasing an additional 705 shares during the period. Lavaca Capital LLC bought a new stake in Cabot Oil & Gas during the 4th quarter valued at approximately $45,000. Oregon Public Employees Retirement Fund raised its stake in Cabot Oil & Gas by 2,028.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,071,615 shares of the oil and gas exploration company’s stock valued at $48,000 after purchasing an additional 1,021,260 shares during the period. Meeder Asset Management Inc. raised its stake in Cabot Oil & Gas by 1,244.7% during the 4th quarter. Meeder Asset Management Inc. now owns 2,528 shares of the oil and gas exploration company’s stock valued at $57,000 after purchasing an additional 2,340 shares during the period. Finally, Ropes Wealth Advisors LLC bought a new stake in Cabot Oil & Gas during the 4th quarter valued at approximately $68,000. 94.88% of the stock is currently owned by hedge funds and other institutional investors.
Cabot Oil & Gas Company Profile
Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.
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