Cabot Oil & Gas Corporation (NYSE:COG) received a $24.00 target price from equities research analysts at Jefferies Group LLC in a research report issued to clients and investors on Monday. The firm presently has a “hold” rating on the oil and gas exploration company’s stock. Jefferies Group LLC’s price target points to a potential downside of 3.50% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. TheStreet downgraded Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a research report on Thursday, August 24th. Scotiabank set a $30.00 target price on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research report on Tuesday, August 22nd. Barclays PLC reiterated a “buy” rating and set a $28.00 target price on shares of Cabot Oil & Gas Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Morgan Stanley upgraded Cabot Oil & Gas Corporation from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $24.00 to $31.00 in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Cabot Oil & Gas Corporation currently has an average rating of “Buy” and an average price target of $29.67.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) opened at 24.87 on Monday. The firm’s market cap is $11.50 billion. The stock has a 50 day moving average price of $24.85 and a 200 day moving average price of $23.79. Cabot Oil & Gas Corporation has a 12-month low of $20.02 and a 12-month high of $26.74.

Cabot Oil & Gas Corporation (NYSE:COG) last released its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The company had revenue of $460.50 million for the quarter, compared to analysts’ expectations of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. Cabot Oil & Gas Corporation’s revenue for the quarter was up 86.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) earnings per share. On average, equities analysts expect that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. First Manhattan Co. purchased a new stake in shares of Cabot Oil & Gas Corporation during the first quarter valued at about $100,000. Westwood Holdings Group Inc. bought a new stake in shares of Cabot Oil & Gas Corporation during the second quarter valued at $100,000. IFP Advisors Inc boosted its stake in shares of Cabot Oil & Gas Corporation by 11.1% in the second quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 457 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Cabot Oil & Gas Corporation by 1.4% in the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after buying an additional 71 shares during the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in shares of Cabot Oil & Gas Corporation during the second quarter valued at $163,000. 96.34% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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