Cabot Oil & Gas Co. (NYSE:COG) has earned an average rating of “Buy” from the twenty-six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $29.17.
Several equities analysts recently issued reports on COG shares. TD Securities started coverage on Cabot Oil & Gas in a research note on Thursday, July 5th. They set a “buy” rating and a $29.00 target price on the stock. Piper Jaffray Companies set a $26.00 target price on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Monday, October 8th. Morgan Stanley lowered Cabot Oil & Gas from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $29.00 to $23.00 in a research note on Wednesday, September 26th. ValuEngine raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Evercore ISI raised Cabot Oil & Gas from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $28.00 to $30.00 in a research note on Friday, September 7th.
NYSE COG opened at $23.38 on Wednesday. The firm has a market cap of $9.94 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 0.77 and a beta of 0.41. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.67 and a quick ratio of 1.64. Cabot Oil & Gas has a twelve month low of $21.48 and a twelve month high of $29.57.
Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings results on Friday, July 27th. The oil and gas exploration company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The business had revenue of $453.50 million for the quarter, compared to analysts’ expectations of $384.57 million. Cabot Oil & Gas had a return on equity of 10.84% and a net margin of 7.75%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. As a group, equities analysts expect that Cabot Oil & Gas will post 0.97 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC acquired a new stake in Cabot Oil & Gas in the 2nd quarter valued at about $123,000. Cornerstone Wealth Management LLC acquired a new stake in Cabot Oil & Gas in the 2nd quarter valued at about $324,000. Cerebellum GP LLC raised its position in Cabot Oil & Gas by 198.9% in the 3rd quarter. Cerebellum GP LLC now owns 7,671 shares of the oil and gas exploration company’s stock valued at $173,000 after purchasing an additional 5,105 shares in the last quarter. Parkwood LLC acquired a new stake in Cabot Oil & Gas in the 2nd quarter valued at about $212,000. Finally, Welch & Forbes LLC acquired a new stake in Cabot Oil & Gas in the 2nd quarter valued at about $214,000. 94.74% of the stock is currently owned by institutional investors.
Cabot Oil & Gas Company Profile
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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