Williams Capital set a $30.00 price target on Cabot Oil & Gas Corporation (NYSE:COG) in a research report report published on Friday morning. The brokerage currently has a hold rating on the oil and gas exploration company’s stock.

Other equities research analysts have also issued research reports about the company. Bank of America Corporation raised Cabot Oil & Gas Corporation from a neutral rating to a buy rating and raised their price target for the stock from $28.00 to $32.00 in a research report on Friday, June 30th. BMO Capital Markets reaffirmed a buy rating and set a $33.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Thursday, June 22nd. Scotiabank set a $29.00 price target on Cabot Oil & Gas Corporation and gave the stock a buy rating in a research report on Saturday, April 22nd. BidaskClub raised Cabot Oil & Gas Corporation from a hold rating to a buy rating in a research report on Wednesday, July 5th. Finally, Cowen and Company set a $30.00 price target on Cabot Oil & Gas Corporation and gave the stock a buy rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $29.50.

Cabot Oil & Gas Corporation (NYSE COG) opened at 24.87 on Friday. The stock’s market cap is $11.50 billion. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $26.74. The firm’s 50-day moving average price is $24.37 and its 200 day moving average price is $23.47.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.65% and a negative net margin of 10.95%. The company’s revenue for the quarter was up 86.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) EPS. Equities research analysts expect that Cabot Oil & Gas Corporation will post $0.64 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.20 annualized dividend and a yield of 0.80%. Cabot Oil & Gas Corporation’s payout ratio is currently -54.05%.

In related news, insider Todd M. Roemer sold 3,737 shares of Cabot Oil & Gas Corporation 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 completion of the sale, the insider now directly owns 62,453 shares of the company’s stock, valued at approximately $1,506,366.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. First Manhattan Co. bought a new position in shares of Cabot Oil & Gas Corporation during the first quarter valued at $100,000. IFP Advisors Inc boosted its position 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 in the last quarter. Financial Architects Inc boosted its position in shares of Cabot Oil & Gas Corporation by 24.4% in the first quarter. Financial Architects Inc now owns 5,100 shares of the oil and gas exploration company’s stock valued at $122,000 after buying an additional 1,000 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Cabot Oil & Gas Corporation by 83.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock valued at $163,000 after buying an additional 3,100 shares in the last quarter. Finally, Crestwood Advisors Group LLC bought a new position in shares of Cabot Oil & Gas Corporation during the first quarter valued at $167,000. 96.05% of the stock is owned by institutional investors and hedge funds.

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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