Shares of Cabot Oil & Gas Corporation (NYSE:COG) reached a new 52-week high during trading on Monday . The stock traded as high as $29.09 and last traded at $28.99, with a volume of 6005300 shares traded. The stock had previously closed at $28.56.

Several research firms have commented on COG. TheStreet raised shares of Cabot Oil & Gas Corporation from a “d+” rating to a “c” rating in a research note on Friday, October 6th. Drexel Hamilton lifted their target price on shares of Cabot Oil & Gas Corporation from $27.82 to $32.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets set a $30.00 target price on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Sunday, July 30th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.06.

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 $13,450.00, a price-to-earnings ratio of 76.29, a price-to-earnings-growth ratio of 1.83 and a beta of 0.51.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The business had revenue of $385.40 million for the quarter, compared to analyst estimates of $400.85 million. Cabot Oil & Gas Corporation had a negative net margin of 8.80% and a positive return on equity of 6.63%. The business’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) EPS. equities analysts expect that Cabot Oil & Gas Corporation will post 0.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Wednesday, November 8th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.69%. Cabot Oil & Gas Corporation’s payout ratio is -62.50%.

In other news, Director Robert Kelley purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were purchased at an average price of $27.47 per share, with a total value of $54,940.00. Following the purchase, the director now directly owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey W. Hutton sold 11,918 shares of Cabot Oil & Gas Corporation stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total transaction of $319,283.22. Following the sale, the insider now directly owns 635,124 shares in the company, valued at approximately $17,014,971.96. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Cabot Oil & Gas Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 47,590,931 shares of the oil and gas exploration company’s stock worth $1,193,580,000 after purchasing an additional 1,095,069 shares during the last quarter. FMR LLC increased its position in shares of Cabot Oil & Gas Corporation by 16.5% in the 2nd quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock worth $743,923,000 after purchasing an additional 4,192,976 shares during the last quarter. Sanders Capital LLC increased its position in shares of Cabot Oil & Gas Corporation by 7.2% in the 3rd quarter. Sanders Capital LLC now owns 29,212,930 shares of the oil and gas exploration company’s stock worth $839,952,000 after purchasing an additional 1,951,907 shares during the last quarter. Capital World Investors increased its position in shares of Cabot Oil & Gas Corporation by 157.8% in the 2nd quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock worth $679,274,000 after purchasing an additional 16,579,300 shares during the last quarter. Finally, State Street Corp increased its position in shares of Cabot Oil & Gas Corporation by 0.6% in the 2nd quarter. State Street Corp now owns 26,298,417 shares of the oil and gas exploration company’s stock worth $659,562,000 after purchasing an additional 151,019 shares during the last quarter. 97.54% of the stock is currently owned by hedge funds and other institutional investors.

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Cabot Oil & Gas Corporation 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.

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