Williams Capital set a $30.00 target price on Cabot Oil & Gas Corporation (NYSE:COG) in a report issued on Monday. The firm currently has a hold rating on the oil and gas exploration company’s stock.

A number of other research firms also recently weighed in on COG. TheStreet downgraded shares of Cabot Oil & Gas Corporation from a c rating to a d+ rating in a research note on Thursday, August 24th. Scotiabank set a $30.00 price target on shares of Cabot Oil & Gas Corporation and gave the stock a buy rating in a research note on Tuesday, August 22nd. William Blair downgraded shares of Cabot Oil & Gas Corporation from a buy rating to a hold rating in a research note on Tuesday, July 18th. BMO Capital Markets dropped their price target on shares of Cabot Oil & Gas Corporation from $29.00 to $28.00 and set a market perform rating for the company in a research note on Friday, July 14th. Finally, BidaskClub raised shares of Cabot Oil & Gas Corporation from a hold rating to a buy rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $29.65.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas Corporation had a positive return on equity of 6.63% and a negative net margin of 8.80%. The company had revenue of $385.40 million for the quarter, compared to analyst estimates of $400.85 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Cabot Oil & Gas Corporation’s revenue for the quarter was up 24.2% on a year-over-year basis.

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

In other news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the sale, the insider now owns 635,124 shares of the company’s stock, valued at $17,014,971.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased its position in shares of Cabot Oil & Gas Corporation by 1.4% during the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock worth $126,000 after acquiring an additional 71 shares in the last quarter. Cadence Capital Management LLC increased its position in shares of Cabot Oil & Gas Corporation by 0.7% during the second quarter. Cadence Capital Management LLC now owns 17,285 shares of the oil and gas exploration company’s stock worth $434,000 after acquiring an additional 127 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Cabot Oil & Gas Corporation by 2.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 9,917 shares of the oil and gas exploration company’s stock worth $249,000 after acquiring an additional 271 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Cabot Oil & Gas Corporation by 1.8% during the second quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock worth $446,000 after acquiring an additional 310 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of Cabot Oil & Gas Corporation by 1.9% during the first quarter. OppenheimerFunds Inc. now owns 24,532 shares of the oil and gas exploration company’s stock worth $587,000 after acquiring an additional 455 shares in the last quarter. 96.75% of the stock is owned by institutional investors.

About Cabot Oil & Gas Corporation

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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