Cabot Oil & Gas Co. (COG) Given Average Rating of “Hold” by Brokerages
Shares of Cabot Oil & Gas Co. (NYSE:COG) have received an average rating of “Hold” from the twenty-six analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $30.93.
A number of research analysts have commented on the company. TheStreet upgraded Cabot Oil & Gas from a “d+” rating to a “c” rating in a research note on Friday, October 6th. Piper Jaffray Companies reduced their price objective on Cabot Oil & Gas from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. BMO Capital Markets set a $30.00 price objective on Cabot Oil & Gas and gave the company a “buy” rating in a research note on Tuesday, October 10th. Raymond James Financial cut Cabot Oil & Gas from an “outperform” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, January 2nd.
Cabot Oil & Gas (NYSE COG) traded down $0.15 during trading hours on Monday, reaching $28.76. The company’s stock had a trading volume of 4,459,100 shares, compared to its average volume of 4,898,775. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49. Cabot Oil & Gas has a one year low of $20.55 and a one year high of $29.57. The firm has a market capitalization of $13,300.00, a PE ratio of -89.88, a price-to-earnings-growth ratio of 0.97 and a beta of 0.53.
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 analysts’ consensus estimates 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 firm had revenue of $385.40 million for the quarter, compared to analyst estimates of $400.85 million. During the same quarter last year, the company earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. equities analysts predict that Cabot Oil & Gas will post 0.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. Cabot Oil & Gas’s dividend payout ratio (DPR) is currently -62.50%.
In other Cabot Oil & Gas news, 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 sale, the chairman now directly owns 2,887,018 shares in the company, valued at $80,605,542.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Kelley purchased 2,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was acquired at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the completion of the purchase, the director now owns 619,500 shares of the company’s stock, valued at $17,017,665. The disclosure for this purchase can be found here. 1.60% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. acquired a new stake in Cabot Oil & Gas in the second quarter valued at $100,000. Advisors Asset Management Inc. acquired a new stake in Cabot Oil & Gas in the third quarter valued at $130,000. Pinebridge Investments L.P. acquired a new stake in Cabot Oil & Gas in the second quarter valued at $163,000. Reliance Trust Co. of Delaware acquired a new stake in Cabot Oil & Gas in the third quarter valued at $210,000. Finally, Private Advisor Group LLC purchased a new position in shares of Cabot Oil & Gas during the second quarter worth about $201,000. Institutional investors own 95.64% of the company’s stock.
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Cabot Oil & Gas Company Profile
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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