A number of firms have modified their ratings and price targets on shares of Cabot Oil & Gas Corporation (NYSE: COG) recently:

  • 10/30/2017 – Cabot Oil & Gas Corporation was given a new $30.00 price target on by analysts at Williams Capital. They now have a “hold” rating on the stock.
  • 10/30/2017 – Cabot Oil & Gas Corporation had its price target raised by analysts at Barclays PLC from $30.00 to $31.00. They now have an “overweight” rating on the stock.
  • 10/30/2017 – Cabot Oil & Gas Corporation was given a new $33.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 10/30/2017 – Cabot Oil & Gas Corporation was upgraded by analysts at Johnson Rice from an “accumulate” rating to a “buy” rating.
  • 10/25/2017 – Cabot Oil & Gas Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Cabot's large acreage holdings in the fast-growing Marcellus Shale and the Eagle Ford Shale supports several years of drilling. We believe COG’s execution success, continued expense management and improving well economics will further enhance its outlook. A relatively low risk profile and longer reserve lives are other positives. Overall, Cabot’s diversified asset portfolio should help it generate steady production growth going forward. However, being a natural gas-weighted company, Cabot continues to reel under the effects of the commodity's price struggles as reflected by its failure to beat estimates in 8 of the last 9 quarters. As it is, delays in the development of the Constitution pipeline keep us worried. Considering these factors, we see limited upside from current levels that forms the basis of our cautious stance.”
  • 10/21/2017 – Cabot Oil & Gas Corporation was given a new $32.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 10/18/2017 – Cabot Oil & Gas Corporation was given a new $33.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 10/18/2017 – Cabot Oil & Gas Corporation was given a new $30.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 10/11/2017 – Cabot Oil & Gas Corporation had its price target raised by analysts at Barclays PLC from $28.00 to $30.00. They now have an “overweight” rating on the stock.
  • 10/10/2017 – Cabot Oil & Gas Corporation was given a new $30.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 10/9/2017 – Cabot Oil & Gas Corporation had its “hold” rating reaffirmed by analysts at Williams Capital. They now have a $28.00 price target on the stock.
  • 10/6/2017 – Cabot Oil & Gas Corporation was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 9/18/2017 – Cabot Oil & Gas Corporation had its price target lowered by analysts at Piper Jaffray Companies from $32.00 to $31.00. They now have an “overweight” rating on the stock.
  • 9/14/2017 – Cabot Oil & Gas Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $33.00 price target on the stock.
  • 9/12/2017 – Cabot Oil & Gas Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $30.00 price target on the stock.

Cabot Oil & Gas Corporation (NYSE COG) opened at 27.70 on Wednesday. The stock’s market capitalization is $12.81 billion. The firm has a 50-day moving average of $26.16 and a 200-day moving average of $24.73. Cabot Oil & Gas Corporation has a one year low of $20.02 and a one year high of $28.00.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $385.40 million during the quarter, compared to analyst estimates of $400.85 million. Cabot Oil & Gas Corporation had a positive return on equity of 6.63% and a negative net margin of 8.80%. The company’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) earnings per share. On average, equities research analysts forecast that Cabot Oil & Gas Corporation will post $0.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Wednesday, November 8th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 7th. Cabot Oil & Gas Corporation’s dividend payout ratio is currently -64.51%.

In other news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s 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 completion of the sale, the insider now directly owns 635,124 shares of the company’s stock, valued at approximately $17,014,971.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.

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