Cabot Oil & Gas (COG) Receiving Somewhat Positive Press Coverage, Report Finds
Press coverage about Cabot Oil & Gas (NYSE:COG) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cabot Oil & Gas earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the oil and gas exploration company an impact score of 46.4196293551306 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Analysts Expect Cabot Oil & Gas Co. (COG) to Post $0.27 EPS (americanbankingnews.com)
- Cabot Oil & Gas Is Fourth Least Volatile E&P Stock (finance.yahoo.com)
- Investors are upbeat on the prospect of these Stocks: Cabot Oil & Gas Corporation (NYSE:COG), SM Energy Company … (journalfinance.net)
- Stock Performance Activity to Track:: Johnson & Johnson, (NYSE: JNJ), Cabot Oil & Gas Corporation, (NYSE: COG) (globalexportlines.com)
- Technical Tracker: Following Shares of Cabot Oil & Gas Corp (COG) (cantoncaller.com)
Several research firms have issued reports on COG. Susquehanna Bancshares raised shares of Cabot Oil & Gas from a “neutral” rating to a “positive” rating and increased their price objective for the company from $27.00 to $28.00 in a report on Monday, July 30th. UBS Group raised shares of Cabot Oil & Gas from a “neutral” rating to a “positive” rating in a report on Monday, July 30th. TD Securities reaffirmed a “buy” rating and set a $30.00 price objective (up from $29.00) on shares of Cabot Oil & Gas in a report on Friday, July 27th. Morgan Stanley increased their price objective on shares of Cabot Oil & Gas from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, July 12th. Finally, ValuEngine downgraded shares of Cabot Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $29.95.
Cabot Oil & Gas (NYSE:COG) last issued its earnings results on Friday, July 27th. The oil and gas exploration company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). The business had revenue of $453.50 million during the quarter, compared to analyst estimates of $384.57 million. Cabot Oil & Gas had a net margin of 7.75% and a return on equity of 10.84%. Cabot Oil & Gas’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. equities research analysts predict that Cabot Oil & Gas will post 0.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 9th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Wednesday, August 8th. Cabot Oil & Gas’s dividend payout ratio (DPR) is 50.00%.
About Cabot Oil & Gas
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.
Read More: Price to Earnings Ratio (PE) Basics
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