Cabot Oil & Gas Corporation (NYSE:COG) had its price target boosted by Barclays PLC from $30.00 to $31.00 in a report issued on Monday morning. Barclays PLC currently has an overweight rating on the oil and gas exploration company’s stock.

Other equities analysts have also issued research reports about the stock. Williams Capital lowered shares of Cabot Oil & Gas Corporation from a buy rating to a hold rating and set a $30.00 target price on the stock. in a research report on Tuesday, July 18th. William Blair lowered shares of Cabot Oil & Gas Corporation from a buy rating to a hold rating in a research report on Tuesday, July 18th. Piper Jaffray Companies dropped their target price on shares of Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an overweight rating on the stock in a research report on Monday, September 18th. TheStreet raised shares of Cabot Oil & Gas Corporation from a d+ rating to a c rating in a research report on Friday, October 6th. Finally, Zacks Investment Research lowered shares of Cabot Oil & Gas Corporation from a hold rating to a sell rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $29.65.

Shares of Cabot Oil & Gas Corporation (COG) traded up $0.56 during mid-day trading on Monday, reaching $28.26. 7,343,830 shares of the company were exchanged, compared to its average volume of 5,681,171. The firm has a market capitalization of $13.07 billion, a P/E ratio of 74.37 and a beta of 0.51.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas Corporation had a positive return on equity of 6.63% and a negative net margin of 8.80%. The company had revenue of $385.40 million for the quarter, compared to the consensus estimate of $400.85 million. During the same period last year, the firm posted ($0.04) EPS. The company’s revenue was up 24.2% compared to the same quarter last year. analysts anticipate that Cabot Oil & Gas Corporation will post 0.54 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Wednesday, November 8th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.71%. Cabot Oil & Gas Corporation’s dividend payout ratio is presently -64.51%.

In other news, insider Jeffrey W. Hutton sold 11,918 shares of the business’s stock in a transaction 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 approximately $17,014,971.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Kelley bought 2,000 shares of Cabot Oil & Gas Corporation stock in a transaction dated Tuesday, October 31st. The stock was purchased at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the purchase, the director now directly owns 619,500 shares in the company, valued at approximately $17,017,665. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Cabot Oil & Gas Corporation by 2.4% during 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 buying an additional 1,095,069 shares in the last quarter. FMR LLC lifted its position in Cabot Oil & Gas Corporation by 16.5% during 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 buying an additional 4,192,976 shares in the last quarter. Sanders Capital LLC lifted its position in Cabot Oil & Gas Corporation by 7.2% during 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 buying an additional 1,951,907 shares in the last quarter. Capital World Investors lifted its position in Cabot Oil & Gas Corporation by 157.8% during 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 buying an additional 16,579,300 shares in the last quarter. Finally, State Street Corp lifted its position in Cabot Oil & Gas Corporation by 0.6% during 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 buying an additional 151,019 shares in the last quarter. Institutional investors and hedge funds own 96.75% of the company’s stock.

About Cabot Oil & Gas Corporation

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 Corporation (NYSE:COG)

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