Cabot Oil & Gas Corporation (NYSE:COG) has been assigned a $30.00 price objective by analysts at KeyCorp in a research report issued on Saturday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. KeyCorp’s price objective points to a potential upside of 2.56% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets reiterated a “buy” rating and set a $30.00 price target on shares of Cabot Oil & Gas in a report on Friday, September 1st. Jefferies Group LLC set a $24.00 price target on shares of Cabot Oil & Gas and gave the company a “hold” rating in a report on Monday, August 28th. Barclays PLC increased their price target on shares of Cabot Oil & Gas from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Scotiabank set a $32.00 price target on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $30.11.

Shares of Cabot Oil & Gas (NYSE COG) opened at $29.25 on Friday. Cabot Oil & Gas has a fifty-two week low of $20.55 and a fifty-two week high of $29.50. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49. The company has a market cap of $13,528.36, a P/E ratio of 76.97, a PEG ratio of 1.96 and a beta of 0.51.

Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a negative net margin of 8.80% and a positive return on equity of 6.63%. The firm had revenue of $385.40 million for the quarter, compared to analysts’ expectations of $400.85 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. sell-side analysts forecast that Cabot Oil & Gas will post 0.49 EPS for the current year.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total value of $319,283.22. Following the sale, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Kelley bought 2,000 shares of the company’s stock in a transaction that occurred 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 directly owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COG. Dimensional Fund Advisors LP raised its position in Cabot Oil & Gas by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,247,753 shares of the oil and gas exploration company’s stock worth $29,827,000 after acquiring an additional 4,807 shares during the period. LS Investment Advisors LLC raised its position in Cabot Oil & Gas by 6.6% in the second quarter. LS Investment Advisors LLC now owns 17,333 shares of the oil and gas exploration company’s stock worth $435,000 after acquiring an additional 1,076 shares during the period. Aperio Group LLC raised its position in Cabot Oil & Gas by 9.9% in the second quarter. Aperio Group LLC now owns 171,383 shares of the oil and gas exploration company’s stock worth $4,298,000 after acquiring an additional 15,437 shares during the period. NGAM Advisors L.P. raised its position in Cabot Oil & Gas by 79.0% in the second quarter. NGAM Advisors L.P. now owns 74,256 shares of the oil and gas exploration company’s stock worth $1,862,000 after acquiring an additional 32,762 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Cabot Oil & Gas by 47.7% in the second quarter. Janney Montgomery Scott LLC now owns 46,034 shares of the oil and gas exploration company’s stock worth $1,155,000 after acquiring an additional 14,861 shares during the period. Institutional investors and hedge funds own 96.32% of the company’s stock.

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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.

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

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