Cabot Oil & Gas Corporation (NYSE:COG) has been given a $33.00 target price by equities research analysts at BMO Capital Markets in a report issued on Monday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. BMO Capital Markets’ price target suggests a potential upside of 19.13% from the stock’s current price.

Several other brokerages also recently commented on COG. Piper Jaffray Companies cut their price objective 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. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Thursday, September 14th. Williams Capital set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a “hold” rating in a research report on Monday. Barclays PLC increased their price objective on shares of Cabot Oil & Gas Corporation from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Cowen and Company reissued a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.65.

Cabot Oil & Gas Corporation (NYSE:COG) opened at 27.70 on Monday. The company’s 50 day moving average is $26.16 and its 200-day moving average is $24.73. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $28.00. The company’s market capitalization is $12.81 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas Corporation had a negative net margin of 8.80% and a positive return on equity of 6.63%. The firm had revenue of $385.40 million for the quarter, compared to analysts’ expectations of $400.85 million. During the same period last year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. Equities analysts anticipate that Cabot Oil & Gas Corporation will post $0.55 EPS for the current fiscal year.

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In other news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total value of $319,283.22. Following the transaction, the insider now owns 635,124 shares in the company, valued at approximately $17,014,971.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of COG. Capital World Investors lifted its stake in shares of Cabot Oil & Gas Corporation by 157.8% in the 2nd quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock worth $679,274,000 after purchasing an additional 16,579,300 shares during the period. PointState Capital LP lifted its stake in shares of Cabot Oil & Gas Corporation by 60.9% in the 2nd quarter. PointState Capital LP now owns 18,011,889 shares of the oil and gas exploration company’s stock worth $451,738,000 after purchasing an additional 6,818,389 shares during the period. FMR LLC lifted its stake in shares of Cabot Oil & Gas Corporation by 16.5% in the 2nd quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock worth $743,923,000 after purchasing an additional 4,192,976 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Cabot Oil & Gas Corporation by 11.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock worth $518,271,000 after purchasing an additional 2,095,126 shares during the period. Finally, Sanders Capital LLC lifted its stake in shares of Cabot Oil & Gas Corporation by 7.2% in the 3rd quarter. Sanders Capital LLC now owns 29,212,930 shares of the oil and gas exploration company’s stock worth $839,952,000 after purchasing an additional 1,951,907 shares during the period. Hedge funds and other institutional investors own 96.75% 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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