Cabot Oil & Gas Co. (NYSE:COG) insider Jeffrey W. Hutton sold 150,720 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $26.11, for a total value of $3,935,299.20. Following the sale, the insider now owns 629,270 shares in the company, valued at $16,430,239.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cabot Oil & Gas stock opened at $26.39 on Wednesday. The firm has a market capitalization of $11.17 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 0.40 and a beta of 0.62. Cabot Oil & Gas Co. has a 52 week low of $20.94 and a 52 week high of $27.40. The company has a quick ratio of 1.86, a current ratio of 1.90 and a debt-to-equity ratio of 0.59.

Cabot Oil & Gas (NYSE:COG) last released its earnings results on Friday, February 22nd. The oil and gas exploration company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The business had revenue of $716.30 million during the quarter, compared to analyst estimates of $659.51 million. Cabot Oil & Gas had a net margin of 25.46% and a return on equity of 23.35%. The business’s revenue for the quarter was up 78.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. Research analysts predict that Cabot Oil & Gas Co. will post 1.87 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp grew its position in Cabot Oil & Gas by 2.2% during the fourth quarter. M&T Bank Corp now owns 21,611 shares of the oil and gas exploration company’s stock valued at $484,000 after acquiring an additional 465 shares during the period. First Quadrant L P CA grew its position in Cabot Oil & Gas by 7.0% during the fourth quarter. First Quadrant L P CA now owns 7,600 shares of the oil and gas exploration company’s stock valued at $170,000 after acquiring an additional 500 shares during the period. JOYN Advisors Inc. grew its position in Cabot Oil & Gas by 31.2% during the fourth quarter. JOYN Advisors Inc. now owns 2,151 shares of the oil and gas exploration company’s stock valued at $48,000 after acquiring an additional 511 shares during the period. Gateway Investment Advisers LLC grew its position in Cabot Oil & Gas by 2.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 20,042 shares of the oil and gas exploration company’s stock valued at $448,000 after acquiring an additional 567 shares during the period. Finally, DNB Asset Management AS grew its position in Cabot Oil & Gas by 1.0% during the fourth quarter. DNB Asset Management AS now owns 62,428 shares of the oil and gas exploration company’s stock valued at $1,395,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 94.88% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Tuesday, November 27th. ValuEngine raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Williams Capital reissued a “hold” rating and issued a $27.00 price target on shares of Cabot Oil & Gas in a report on Monday, February 11th. MKM Partners assumed coverage on Cabot Oil & Gas in a report on Wednesday, December 5th. They issued a “neutral” rating and a $27.00 price target for the company. Finally, Guggenheim set a $27.00 price target on Cabot Oil & Gas and gave the stock a “hold” rating in a report on Friday, February 22nd. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $28.13.

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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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