BidaskClub downgraded shares of Cabot Oil & Gas Corporation (NYSE:COG) from a buy rating to a hold rating in a research report released on Thursday.

A number of other brokerages have also commented on COG. Williams Capital lowered 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. Zacks Investment Research lowered Cabot Oil & Gas Corporation from a hold rating to a sell rating in a research report on Tuesday, July 18th. William Blair lowered Cabot Oil & Gas Corporation from a buy rating to a hold rating in a research report on Tuesday, July 18th. BMO Capital Markets dropped their target price on Cabot Oil & Gas Corporation from $29.00 to $28.00 and set a market perform rating on the stock in a research report on Friday, July 14th. Finally, Cowen and Company set a $30.00 target price on Cabot Oil & Gas Corporation and gave the company a buy rating in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $29.40.

Cabot Oil & Gas Corporation (NYSE:COG) opened at 25.50 on Thursday. The company has a 50 day moving average of $24.31 and a 200-day moving average of $23.43. The stock’s market cap is $11.85 billion. 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 posted its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.65%. The company had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. During the same quarter last year, the company earned ($0.07) EPS. The business’s revenue was up 86.6% compared to the same quarter last year. Equities analysts forecast that Cabot Oil & Gas Corporation will post $0.64 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.78%. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is -54.05%.

In other news, insider Todd M. Roemer sold 3,737 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $24.12, for a total transaction of $90,136.44. Following the transaction, the insider now owns 62,453 shares in the company, valued at approximately $1,506,366.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in COG. Norinchukin Bank The raised its position in shares of Cabot Oil & Gas Corporation by 9.4% in the first quarter. Norinchukin Bank The now owns 30,874 shares of the oil and gas exploration company’s stock worth $738,000 after buying an additional 2,655 shares during the period. British Columbia Investment Management Corp raised its position in shares of Cabot Oil & Gas Corporation by 219.3% in the first quarter. British Columbia Investment Management Corp now owns 461,627 shares of the oil and gas exploration company’s stock worth $11,038,000 after buying an additional 317,069 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Cabot Oil & Gas Corporation by 8.8% in the first quarter. PNC Financial Services Group Inc. now owns 61,356 shares of the oil and gas exploration company’s stock worth $1,467,000 after buying an additional 4,941 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Cabot Oil & Gas Corporation by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 146,344 shares of the oil and gas exploration company’s stock worth $3,499,000 after buying an additional 2,600 shares during the period. Finally, US Bancorp DE raised its position in shares of Cabot Oil & Gas Corporation by 25.3% in the second quarter. US Bancorp DE now owns 751,522 shares of the oil and gas exploration company’s stock worth $18,848,000 after buying an additional 151,938 shares during the period. Hedge funds and other institutional investors own 96.05% 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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