Shares of Cabot Oil & Gas Corporation (NYSE:COG) have earned a consensus recommendation of “Hold” from the twenty-five brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.19.

Several equities research analysts recently commented on the stock. BMO Capital Markets restated a “buy” rating and issued a $30.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Friday, September 1st. Piper Jaffray Companies reduced their price target on shares of Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Thursday, September 14th. Cowen and Company restated a “buy” rating and issued a $30.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Tuesday, September 12th. Finally, Williams Capital downgraded shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Tuesday, July 18th.

Shares of Cabot Oil & Gas Corporation (COG) traded down 0.15% on Friday, hitting $26.39. The company had a trading volume of 3,529,342 shares. The stock’s market cap is $12.21 billion. The company has a 50-day moving average of $26.03 and a 200 day moving average of $24.47. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $27.14.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $460.50 million during 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%. The firm’s revenue was up 86.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) EPS. Analysts anticipate that Cabot Oil & Gas Corporation will post $0.60 EPS for the current fiscal year.

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In other news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the transaction, the insider now owns 635,124 shares in the company, valued at approximately $17,014,971.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in COG. Westwood Holdings Group Inc. acquired a new position in shares of Cabot Oil & Gas Corporation during the 2nd quarter worth $100,000. IFP Advisors Inc increased its stake in shares of Cabot Oil & Gas Corporation by 11.1% during the 2nd quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock worth $115,000 after purchasing an additional 457 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Cabot Oil & Gas Corporation by 1.4% during the 2nd quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock worth $126,000 after purchasing an additional 71 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Cabot Oil & Gas Corporation by 83.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock worth $163,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in shares of Cabot Oil & Gas Corporation during the 2nd quarter worth $163,000. Institutional investors own 96.32% 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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