UBS Group downgraded shares of Cabot Oil & Gas (NYSE:COG) from a positive rating to a neutral rating in a research note published on Wednesday morning, The Fly reports.

A number of other research analysts have also recently weighed in on COG. TheStreet raised shares of Cabot Oil & Gas from a d+ rating to a c rating in a research note on Friday, October 6th. Williams Capital reaffirmed a hold rating and issued a $28.00 target price on shares of Cabot Oil & Gas in a research note on Monday, October 9th. Cowen set a $30.00 target price on shares of Cabot Oil & Gas and gave the stock a buy rating in a research note on Wednesday, October 18th. BMO Capital Markets set a $30.00 target price on shares of Cabot Oil & Gas and gave the stock a buy rating in a research note on Tuesday, October 10th. Finally, Scotiabank reaffirmed a buy rating on shares of Cabot Oil & Gas in a research note on Wednesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $31.21.

Shares of Cabot Oil & Gas (NYSE:COG) traded down $0.06 on Wednesday, hitting $27.51. 4,382,703 shares of the stock were exchanged, compared to its average volume of 4,059,574. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64. Cabot Oil & Gas has a fifty-two week low of $20.55 and a fifty-two week high of $29.57. The stock has a market cap of $12,751.36, a PE ratio of 72.55, a price-to-earnings-growth ratio of 0.89 and a beta of 0.53.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $385.40 million for the quarter, compared to analysts’ expectations of $400.85 million. During the same period last year, the business earned ($0.04) earnings per share. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. equities analysts expect that Cabot Oil & Gas will post 0.5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, January 23rd. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.05. Cabot Oil & Gas’s dividend payout ratio (DPR) is -64.51%.

In other Cabot Oil & Gas news, Chairman Dan O. Dinges sold 66,610 shares of Cabot Oil & Gas stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total value of $1,859,751.20. Following the transaction, the chairman now owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Kelley purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was bought at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the acquisition, the director now owns 619,500 shares in the company, 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 and hedge funds have recently made changes to their positions in the business. Westwood Holdings Group Inc. acquired a new position in shares of Cabot Oil & Gas in the 2nd quarter valued at $100,000. Advisors Asset Management Inc. acquired a new position in shares of Cabot Oil & Gas in the 3rd quarter valued at $130,000. Pinebridge Investments L.P. acquired a new position in shares of Cabot Oil & Gas in the 2nd quarter valued at $163,000. Private Advisor Group LLC acquired a new position in shares of Cabot Oil & Gas in the 2nd quarter valued at $201,000. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of Cabot Oil & Gas in the 3rd quarter valued at $210,000. Institutional investors own 95.63% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/cabot-oil-gas-cog-rating-lowered-to-neutral-at-ubs-group/1815738.html.

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.

The Fly

Analyst Recommendations for Cabot Oil & Gas (NYSE:COG)

Receive News & Ratings for Cabot Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.