TheStreet downgraded shares of Cabot Oil & Gas Corporation (NYSE:COG) from a c rating to a d+ rating in a research report sent to investors on Thursday.

Several other equities research analysts also recently commented on COG. Williams Capital reaffirmed a buy rating and issued a $32.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Friday, April 28th. Piper Jaffray Companies reaffirmed an overweight rating and issued a $35.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Monday, May 1st. Bank of America Corporation raised shares of Cabot Oil & Gas Corporation from an underperform rating to a neutral rating and upped their target price for the company from $25.00 to $28.00 in a research note on Thursday, May 11th. BMO Capital Markets reaffirmed a buy rating and issued a $33.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Monday, May 15th. Finally, Jefferies Group LLC set a $23.00 target price on shares of Cabot Oil & Gas Corporation and gave the company a hold rating in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $29.61.

Shares of Cabot Oil & Gas Corporation (NYSE COG) opened at 24.85 on Thursday. The company has a 50-day moving average price of $24.85 and a 200-day moving average price of $23.79. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $26.74. The stock’s market cap is $11.49 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The firm had revenue of $460.50 million during the quarter, compared to the consensus estimate of $454.76 million. During the same period in the previous year, the company posted ($0.07) EPS. The firm’s revenue for the quarter was up 86.6% on a year-over-year basis. On average, equities analysts expect that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Cabot Oil & Gas Corporation by 1.4% in 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 buying an additional 71 shares during the last quarter. Cadence Capital Management LLC boosted its position in shares of Cabot Oil & Gas Corporation by 0.7% in the second quarter. Cadence Capital Management LLC now owns 17,285 shares of the oil and gas exploration company’s stock valued at $434,000 after buying an additional 127 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Cabot Oil & Gas Corporation by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,646 shares of the oil and gas exploration company’s stock valued at $231,000 after buying an additional 180 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Cabot Oil & Gas Corporation by 1.8% in the second quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock valued at $446,000 after buying an additional 310 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its position in shares of Cabot Oil & Gas Corporation by 2.9% in the first quarter. Cleararc Capital Inc. now owns 11,639 shares of the oil and gas exploration company’s stock valued at $278,000 after buying an additional 331 shares during the last quarter. Institutional investors and hedge funds own 96.34% of the company’s stock.

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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