Cabot Oil & Gas Corporation (NYSE:COG) had its target price hoisted by Drexel Hamilton from $27.82 to $32.00 in a research note released on Thursday morning. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Other research 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 decreased 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 upgraded shares of Cabot Oil & Gas Corporation from a d+ rating to a c rating in a research report on Friday, October 6th. Finally, Barclays PLC restated 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. Cabot Oil & Gas Corporation currently has a consensus rating of Buy and an average target price of $30.06.

Shares of Cabot Oil & Gas Corporation (COG) traded up $0.43 during trading hours on Thursday, hitting $28.99. 6,005,300 shares of the company’s stock were exchanged, compared to its average volume of 6,426,265. Cabot Oil & Gas Corporation has a 1 year low of $20.55 and a 1 year high of $29.06. The firm has a market cap of $13,408.11, a price-to-earnings ratio of 76.29, a PEG ratio of 1.83 and a beta of 0.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64.

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 business had revenue of $385.40 million for the quarter, compared to analyst estimates of $400.85 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. analysts forecast that Cabot Oil & Gas Corporation will post 0.53 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th will be given a $0.05 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.69%. Cabot Oil & Gas Corporation’s dividend payout ratio is currently -64.51%.

In other news, Chairman Dan O. Dinges sold 66,610 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the completion of the transaction, the chairman now owns 2,887,018 shares of the company’s stock, valued at $80,605,542.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey W. Hutton sold 11,918 shares of the firm’s 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 directly owns 635,124 shares of the company’s stock, valued at approximately $17,014,971.96. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. bought a new position in shares of Cabot Oil & Gas Corporation during the second quarter valued at $100,000. IFP Advisors Inc raised its stake in shares of Cabot Oil & Gas Corporation by 11.1% during 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 acquiring an additional 457 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Cabot Oil & Gas Corporation during the third quarter valued at $130,000. Parallel Advisors LLC raised its stake in shares of Cabot Oil & Gas Corporation by 1.4% during 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 acquiring an additional 71 shares during the last quarter. Finally, Pinebridge Investments L.P. bought a new position in shares of Cabot Oil & Gas Corporation during the second quarter valued at $163,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

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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