Cabot Oil & Gas (NYSE:COG) has been given a $26.00 price objective by equities research analysts at Piper Jaffray Companies in a research report issued on Monday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Piper Jaffray Companies’ target price points to a potential upside of 6.78% from the company’s current price. Piper Jaffray Companies also issued estimates for Cabot Oil & Gas’ Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.01 EPS.
Several other research analysts have also recently issued reports on the company. Morgan Stanley cut Cabot Oil & Gas from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $29.00 to $23.00 in a research report on Wednesday, September 26th. Evercore ISI raised Cabot Oil & Gas from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $28.00 to $30.00 in a research report on Friday, September 7th. Susquehanna Bancshares raised Cabot Oil & Gas from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $27.00 to $28.00 in a research report on Monday, July 30th. UBS Group raised Cabot Oil & Gas from a “neutral” rating to a “positive” rating in a report on Monday, July 30th. Finally, TD Securities reissued a “buy” rating and issued a $30.00 target price (up from $29.00) on shares of Cabot Oil & Gas in a report on Friday, July 27th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $29.19.
NYSE:COG opened at $24.35 on Monday. The stock has a market cap of $9.94 billion, a PE ratio of 50.73, a price-to-earnings-growth ratio of 0.77 and a beta of 0.41. Cabot Oil & Gas has a 1 year low of $21.48 and a 1 year high of $29.57. The company has a quick ratio of 1.64, a current ratio of 1.67 and a debt-to-equity ratio of 0.57.
Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings data on Friday, July 27th. The oil and gas exploration company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.05). The business had revenue of $453.50 million for the quarter, compared to analyst estimates of $384.57 million. Cabot Oil & Gas had a return on equity of 10.84% and a net margin of 7.75%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, research analysts forecast that Cabot Oil & Gas will post 0.97 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new stake in Cabot Oil & Gas during the 2nd quarter valued at approximately $123,000. Parkwood LLC purchased a new stake in Cabot Oil & Gas during the 2nd quarter valued at approximately $212,000. Welch & Forbes LLC purchased a new stake in Cabot Oil & Gas during the 2nd quarter valued at approximately $214,000. BB&T Securities LLC purchased a new stake in Cabot Oil & Gas during the 2nd quarter valued at approximately $215,000. Finally, Rampart Investment Management Company LLC raised its stake in Cabot Oil & Gas by 76.8% during the 1st quarter. Rampart Investment Management Company LLC now owns 10,030 shares of the oil and gas exploration company’s stock valued at $241,000 after acquiring an additional 4,358 shares during the last quarter. 94.74% of the stock is owned by hedge funds and other institutional investors.
About Cabot Oil & Gas
Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.
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