Cabot Oil & Gas (COG) Getting Somewhat Positive Media Coverage, Report Finds
Media stories about Cabot Oil & Gas (NYSE:COG) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cabot Oil & Gas earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the oil and gas exploration company an impact score of 46.6789113207096 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Piper Jaffray Companies Analysts Give Cabot Oil & Gas (COG) a $36.00 Price Target (americanbankingnews.com)
- $464.40 Million in Sales Expected for Cabot Oil & Gas Co. (COG) This Quarter (americanbankingnews.com)
- Why Oil’s Moves Could Be Important to Natural-Gas-Weighted Stocks (finance.yahoo.com)
- Cabot Oil & Gas Co. (COG) Expected to Post Earnings of $0.28 Per Share (americanbankingnews.com)
- Can Cognor Holding SA.’s (WSE:COG) ROE Continue To Surpass The Industry Average? (finance.yahoo.com)
COG has been the topic of several recent research reports. Barclays upped their price objective on shares of Cabot Oil & Gas from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Scotiabank reaffirmed a “buy” rating on shares of Cabot Oil & Gas in a report on Wednesday, November 22nd. KeyCorp set a $30.00 price objective on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Saturday, November 25th. JPMorgan Chase & Co. set a $37.00 price objective on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Monday, November 27th. Finally, Credit Suisse Group initiated coverage on shares of Cabot Oil & Gas in a report on Monday, December 11th. They set a “neutral” rating and a $30.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.16.
Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings results on Friday, February 23rd. The oil and gas exploration company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.04. Cabot Oil & Gas had a return on equity of 8.60% and a net margin of 5.69%. The firm had revenue of $400.50 million for the quarter, compared to analysts’ expectations of $422.12 million. During the same period in the prior year, the business posted $0.01 earnings per share. The company’s revenue was up 26.5% on a year-over-year basis. equities analysts expect that Cabot Oil & Gas will post 1.11 earnings per share for the current year.
Cabot Oil & Gas announced that its Board of Directors has authorized a stock buyback plan on Friday, February 23rd that authorizes the company to buyback 30,000,000 outstanding shares. This buyback authorization authorizes the oil and gas exploration company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
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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