Cabot Oil & Gas Co. (NYSE:COG) Receives Consensus Rating of “Buy” from Analysts

Cabot Oil & Gas Co. (NYSE:COG) has been assigned a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $26.02.

A number of analysts have issued reports on the company. Wolfe Research raised Cabot Oil & Gas from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 19th. Susquehanna Bancshares lowered Cabot Oil & Gas from a “positive” rating to a “neutral” rating and set a $21.00 price target for the company. in a research report on Monday, October 28th. Williams Capital set a $22.00 price target on Cabot Oil & Gas and gave the stock a “hold” rating in a research report on Monday, September 30th. ValuEngine raised Cabot Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Citigroup started coverage on Cabot Oil & Gas in a report on Tuesday, November 26th. They issued a “buy” rating and a $22.00 price objective on the stock.

Several large investors have recently bought and sold shares of COG. Augustine Asset Management Inc. boosted its stake in shares of Cabot Oil & Gas by 0.6% in the 2nd quarter. Augustine Asset Management Inc. now owns 100,504 shares of the oil and gas exploration company’s stock valued at $2,308,000 after buying an additional 635 shares during the period. Seeyond lifted its stake in Cabot Oil & Gas by 1.1% in the second quarter. Seeyond now owns 60,167 shares of the oil and gas exploration company’s stock worth $1,381,000 after acquiring an additional 644 shares during the last quarter. Profund Advisors LLC grew its holdings in Cabot Oil & Gas by 4.1% during the 2nd quarter. Profund Advisors LLC now owns 17,109 shares of the oil and gas exploration company’s stock worth $393,000 after acquiring an additional 669 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Cabot Oil & Gas by 2.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 31,688 shares of the oil and gas exploration company’s stock worth $728,000 after acquiring an additional 684 shares in the last quarter. Finally, CSat Investment Advisory L.P. increased its position in shares of Cabot Oil & Gas by 74.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,954 shares of the oil and gas exploration company’s stock valued at $45,000 after purchasing an additional 833 shares during the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

Shares of COG traded up $0.19 during trading on Monday, reaching $16.27. 92,073 shares of the company traded hands, compared to its average volume of 8,542,959. The stock has a 50-day simple moving average of $17.55 and a 200-day simple moving average of $19.81. The stock has a market cap of $6.56 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.67 and a beta of 0.49. Cabot Oil & Gas has a twelve month low of $15.61 and a twelve month high of $27.65. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.51.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas exploration company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $429.11 million for the quarter, compared to analyst estimates of $453.73 million. Cabot Oil & Gas had a net margin of 34.86% and a return on equity of 34.92%. The business’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. On average, equities research analysts predict that Cabot Oil & Gas will post 1.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Wednesday, November 6th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, November 5th. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.09. Cabot Oil & Gas’s dividend payout ratio (DPR) is currently 35.40%.

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 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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